10 Oct 2013
EUR/GBP drifting to support 0.8470
FXstreet.com (London) - EUR/GBP has drifted to test the sideways channel with a high of 0.8395 and a low of 0.8466 on todays session so far.
Research teams at TD Securities said, “The BoE meeting this morning was the highlight UK event, although as well anticipated, no change to the policy rate or asset purchase program, and no release of a monthly statement has offered little new for markets to digest. The GBP has accordingly had little reaction and GBP/USD remains consolidative after yesterday’s slide. Without anything significant out of the UK for the rest of the week, US developments remain the focus for the pair (Fed speakers today and headlines out of Washington).”
EUR/GBP Levels
The 20 DMA is 0.8409, the 50 DMA is 0.8494, and the 200 DMA is 0.8520. RSI (14) 62.77. Supports are ascending from 0.8333, 0.8368, 0.8376 and 0.8425. Spot is 0.8470, 0.8488, 0.8510, 0.8520 and 0.8553.
Research teams at TD Securities said, “The BoE meeting this morning was the highlight UK event, although as well anticipated, no change to the policy rate or asset purchase program, and no release of a monthly statement has offered little new for markets to digest. The GBP has accordingly had little reaction and GBP/USD remains consolidative after yesterday’s slide. Without anything significant out of the UK for the rest of the week, US developments remain the focus for the pair (Fed speakers today and headlines out of Washington).”
EUR/GBP Levels
The 20 DMA is 0.8409, the 50 DMA is 0.8494, and the 200 DMA is 0.8520. RSI (14) 62.77. Supports are ascending from 0.8333, 0.8368, 0.8376 and 0.8425. Spot is 0.8470, 0.8488, 0.8510, 0.8520 and 0.8553.