5 Dec 2014
EUR/GBP catalysts turns from Europe to the USA
FXStreet (Guatemala) - EUR/GBP is trading at 0.7887, down -0.16% on the day, having posted a daily high at 0.7924 and low at 0.7851.
EUR/GBP has been a roller coaster this week. The pair moves freely through a wide range between the lows of 0.7830 and the highs up to a resistance of 0.7920. The Euro (ECB disappointing the bears) has been the catalyst until the greenback to a hold with the nonfarm payrolls release today surprising to the upside that came in with 321.000 jobs in November and beat the consensus of 230.000.
EUR/GBP levels will come into play next week with 0.7888 (Daily Classic PP), 0.7890 (Hourly 20 EMA), 0.7896 (Hourly 100 SMA), and 0.7909 (Weekly Classic S1) being targets to the upside while the downside 0.78 is the target for the bears as key support marked out in October.
EUR/GBP has been a roller coaster this week. The pair moves freely through a wide range between the lows of 0.7830 and the highs up to a resistance of 0.7920. The Euro (ECB disappointing the bears) has been the catalyst until the greenback to a hold with the nonfarm payrolls release today surprising to the upside that came in with 321.000 jobs in November and beat the consensus of 230.000.
EUR/GBP levels will come into play next week with 0.7888 (Daily Classic PP), 0.7890 (Hourly 20 EMA), 0.7896 (Hourly 100 SMA), and 0.7909 (Weekly Classic S1) being targets to the upside while the downside 0.78 is the target for the bears as key support marked out in October.