16 Jun 2015
EUR/GBP ignores Zew survey data
FXStreet (Mumbai) - The EUR/GBP pair remained largely unresponsive to the weaker-than-expected German and Eurozone Zew survey index data.
EUR/GBP: Trades below 100-DMA
The pair trades just below its 100-DMA located at 0.7239 levels after having faced rejection at the session high of 0.7249. Moreover, a weaker-than-expected UK core inflation data continues to weigh over the British Pound.
The gains were capped earlier today due to the weakness in the German Bund yields. The 10-year yield currently trades 3.8 basis points lower at 0.789%, after having recovered slightly from the low of 0.76%.
EUR/GBP Technical Levels
The immediate resistance is seen at 0.7264, above which the pair could target 0.7320. On the flip side, a break below 0.72 could push the pair lower to 0.7165.
EUR/GBP: Trades below 100-DMA
The pair trades just below its 100-DMA located at 0.7239 levels after having faced rejection at the session high of 0.7249. Moreover, a weaker-than-expected UK core inflation data continues to weigh over the British Pound.
The gains were capped earlier today due to the weakness in the German Bund yields. The 10-year yield currently trades 3.8 basis points lower at 0.789%, after having recovered slightly from the low of 0.76%.
EUR/GBP Technical Levels
The immediate resistance is seen at 0.7264, above which the pair could target 0.7320. On the flip side, a break below 0.72 could push the pair lower to 0.7165.