18 Feb 2014
EUR/GBP flexes muscles before positioning above 0.82
FXStreet (Moscow) - EUR/GBP spent Asian session in coma at 0.8191, but with Europe open the pair shows the desire to break above 0.82 round level.
EUR/GBP goes north
It looks like a rebound for the pair, at least for the short term, unless we get some new catalysts for the direction. The pair reached 0.8211 by the moment of writing, and may position above it with a help of fundamentals. Today the economic calendar is more interesting, and may bring additional fuel for the pair’s move higher provided the German ZEW is better than expected, and the British CPI disappoints. The initial target in this case is at 0.8224 resistance level, followed by 0.8244.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8190 with support below at 0.8170, 0.8136 and 0.8116, with resistance above at 0.8224, 0.8244, and 0.8278. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8259 and the daily 20EMA bearish at 0.8255. Hourly RSI is neutral at 50.
EUR/GBP goes north
It looks like a rebound for the pair, at least for the short term, unless we get some new catalysts for the direction. The pair reached 0.8211 by the moment of writing, and may position above it with a help of fundamentals. Today the economic calendar is more interesting, and may bring additional fuel for the pair’s move higher provided the German ZEW is better than expected, and the British CPI disappoints. The initial target in this case is at 0.8224 resistance level, followed by 0.8244.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8190 with support below at 0.8170, 0.8136 and 0.8116, with resistance above at 0.8224, 0.8244, and 0.8278. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8259 and the daily 20EMA bearish at 0.8255. Hourly RSI is neutral at 50.