7 Apr 2015
EUR/GBP drops below 0.7300
FXStreet (Edinburgh) - The selling pressure around the euro is dragging EUR/GBP to test session lows in levels sub-0.7300 on Tuesday.
EUR/GBP in 3-day lows
The European cross is putting the 0.7300 support to the test today following the renewed offered tone in the shared currency and the slightly better performance from the sterling.
Auspicious results from the Services PMI in the UK economy keeps propping up the sterling while the mixed data in Euroland failed to ignite a pick up in the euro.
EUR/GBP levels to watch
At the moment the cross is down 0.55% at 0.7295 with the next support at 0.7257 (low Apr.2) ahead of 0.7222 (low Mar.31) and then 0.7200 (psychological level). On the upside, a breakout of 0.7379 (high Apr.3) would aim for 0.7385 (high Mar.25) and finally 0.7400 (psychological level).
EUR/GBP in 3-day lows
The European cross is putting the 0.7300 support to the test today following the renewed offered tone in the shared currency and the slightly better performance from the sterling.
Auspicious results from the Services PMI in the UK economy keeps propping up the sterling while the mixed data in Euroland failed to ignite a pick up in the euro.
EUR/GBP levels to watch
At the moment the cross is down 0.55% at 0.7295 with the next support at 0.7257 (low Apr.2) ahead of 0.7222 (low Mar.31) and then 0.7200 (psychological level). On the upside, a breakout of 0.7379 (high Apr.3) would aim for 0.7385 (high Mar.25) and finally 0.7400 (psychological level).