1 Jul 2015
EUR/GBP shoots to 0.7130 on Tsipras bailout
FXStreet (Edinburgh) - The better tone in the euro is now lifting EUR/GBP to test fresh session highs in the 0.7130 area.
EUR/GBP firmer on Greek rumours (once again)
Rumours hovering over markets that Greek PM A.Tsipras have accepted the EU creditors proposal have given extra legs to the euro and boosted the cross beyond the 0.7100 handle, although still pending some sort of confirmation.
Next of relevance in on the GBP-side will be the speech by Governor M.Carney, following the recent drop in June’s manufacturing PMI.
EUR/GBP key levels
At the moment the pair is up 0.19% at 0.7106 facing the next support at 0.7074 (low Jun.30) ahead of 0.6988 (2015 low Jun.29) and then 0.6900 (psychological level). On the flip side, a breakout of 0.7131 (high Jul.1) would expose 0.7168 (high Jun.29) and finally 0.7211 (high Jun.22).
EUR/GBP firmer on Greek rumours (once again)
Rumours hovering over markets that Greek PM A.Tsipras have accepted the EU creditors proposal have given extra legs to the euro and boosted the cross beyond the 0.7100 handle, although still pending some sort of confirmation.
Next of relevance in on the GBP-side will be the speech by Governor M.Carney, following the recent drop in June’s manufacturing PMI.
EUR/GBP key levels
At the moment the pair is up 0.19% at 0.7106 facing the next support at 0.7074 (low Jun.30) ahead of 0.6988 (2015 low Jun.29) and then 0.6900 (psychological level). On the flip side, a breakout of 0.7131 (high Jul.1) would expose 0.7168 (high Jun.29) and finally 0.7211 (high Jun.22).