28 Jul 2015
EUR/GBP on its way to 0.7100?
FXStreet (Edinburgh) - The softer tone in the single currency is now prompting EUR/GBP to challenge session lows in the vicinity of 0.7100.
EUR/GBP eyes on UK GDP
The European cross seems to be stabilizing around current levels following the sharp appreciation on Monday, with the upside stalling around the 0.7160 area and sparking the leg lower towards the 0.7100 key support.
Ahead in the session, the preliminary figures for the UK GDP during the second quarter are due, with prior surveys expecting the UK economy to have expanded 0.7% QoQ and 2.6% on a yearly basis.
EUR/GBP key levels
As of writing the cross is retreating 0.24% at 0.7109 with the next support at 0.7067 (low Jul27) followed by 0.7053 (low Jul.24) and finally 0.6989 (low Jul.23). On the other hand, a surpass of 0.7150 (high Jul.27) would expose 0.7203 (high Jul.13) and then 0.7223 (high Jul.10).
EUR/GBP eyes on UK GDP
The European cross seems to be stabilizing around current levels following the sharp appreciation on Monday, with the upside stalling around the 0.7160 area and sparking the leg lower towards the 0.7100 key support.
Ahead in the session, the preliminary figures for the UK GDP during the second quarter are due, with prior surveys expecting the UK economy to have expanded 0.7% QoQ and 2.6% on a yearly basis.
EUR/GBP key levels
As of writing the cross is retreating 0.24% at 0.7109 with the next support at 0.7067 (low Jul27) followed by 0.7053 (low Jul.24) and finally 0.6989 (low Jul.23). On the other hand, a surpass of 0.7150 (high Jul.27) would expose 0.7203 (high Jul.13) and then 0.7223 (high Jul.10).