9 Dec 2013
EUR/GBP moves off lows
FXstreet.com (Córdoba) - The EUR/GBP slid to fresh lows during the European session as disappointing German Industrial Production data added to the negative tone.
The EUR/GBP lacked momentum to attack the 0.8400 mark and was rejected from a 3-week high of 0.8395 during the Asian trade, falling to a low of 0.8362 before finding support. At time of writing, the EUR/GBP is trading at the 0.8375 area, still 0.2% below its opening price. The BoE Governor Carney is due to speak today at 17:15 GMT.
EUR/GBP technical levels
In terms of technical levels, the EUR/GBP could face immediate supports at 0.8362 (daily low) and 0.8346 (Dec 6 low) ahead of 0.8330 (100-hour SMA). On the other hand, resistances could be found at 0.8395 (daily high) and 0.8400 (psychological level) followed by 0.8415 (Nov 20 high).
The EUR/GBP lacked momentum to attack the 0.8400 mark and was rejected from a 3-week high of 0.8395 during the Asian trade, falling to a low of 0.8362 before finding support. At time of writing, the EUR/GBP is trading at the 0.8375 area, still 0.2% below its opening price. The BoE Governor Carney is due to speak today at 17:15 GMT.
EUR/GBP technical levels
In terms of technical levels, the EUR/GBP could face immediate supports at 0.8362 (daily low) and 0.8346 (Dec 6 low) ahead of 0.8330 (100-hour SMA). On the other hand, resistances could be found at 0.8395 (daily high) and 0.8400 (psychological level) followed by 0.8415 (Nov 20 high).