30 Jan 2014
EUR/GBP hits 3-day high after economic data
FXstreet.com (Córdoba) - The EUR/GBP surged to fresh daily highs during the European trade after the latest string of UK and Eurozone data.
UK mortgage approvals and consumer credit came in below expectations, Eurozone confidence data was mixed. Against this backdrop, the EUR/GBP jumped to a 3-day high of 0.8263 after hitting a low of 0.8234 minutes before.
EUR/GBP technical levels
At time of writing, the EUR/GBP is trading at the 0.8260 area, recording a 0.2% gain on the day. In terms of technical levels, the pair could find next resistances at 0.8270 (21-day SMA), 0.8300/05 (psychological level/Jan 27 high) and 0.8347 (Jan 13 high).
UK mortgage approvals and consumer credit came in below expectations, Eurozone confidence data was mixed. Against this backdrop, the EUR/GBP jumped to a 3-day high of 0.8263 after hitting a low of 0.8234 minutes before.
EUR/GBP technical levels
At time of writing, the EUR/GBP is trading at the 0.8260 area, recording a 0.2% gain on the day. In terms of technical levels, the pair could find next resistances at 0.8270 (21-day SMA), 0.8300/05 (psychological level/Jan 27 high) and 0.8347 (Jan 13 high).