16 Jun 2014
EUR/GBP threatening the 0.80 handle
FXStreet (Guatemala) - EUR/GBP is trading at 0.7991, up 0.13% on the day, having posted a daily high at 0.7996 and low at 0.7959.
EUR/GBP is making moves back towards the 0.80 handle while there is some leeway from the bulls given the stronger CPI in the UK and amid a backdrop, as RBS strategists explained, of a further monetary policy divergence between the BoE and the Fed (and ECB as well) that leaves them favouring further GBP this week over EUR most notably.
EUR/GBP Levels
Spot is presently trading at 0.7992, and next resistance can be seen at 0.7996 (Daily High), 0.8004 (Daily Classic R1), 0.8006 (YTD Low), 0.8010 (Yesterday's High) and 0.8025 (Daily Classic R2). Next support to the downside can be found at 0.7987 (Daily Classic PP), 0.7982 (Hourly 20 EMA), (Monthly Low), (Weekly Low) and (Annual Low).
EUR/GBP is making moves back towards the 0.80 handle while there is some leeway from the bulls given the stronger CPI in the UK and amid a backdrop, as RBS strategists explained, of a further monetary policy divergence between the BoE and the Fed (and ECB as well) that leaves them favouring further GBP this week over EUR most notably.
EUR/GBP Levels
Spot is presently trading at 0.7992, and next resistance can be seen at 0.7996 (Daily High), 0.8004 (Daily Classic R1), 0.8006 (YTD Low), 0.8010 (Yesterday's High) and 0.8025 (Daily Classic R2). Next support to the downside can be found at 0.7987 (Daily Classic PP), 0.7982 (Hourly 20 EMA), (Monthly Low), (Weekly Low) and (Annual Low).