11 Dec 2014
EUR/GBP steadies, trades above 0.79 handle
FXStreet (Mumbai) - The single currency trades elevated against the British pound as Euro bulls jump back into the bid ahead of an action-packed European session.
Currently, the EUR/GBP pair trades at 0.7925 levels, up 0.06%, marginally higher from the previous session close of 0.7921. The pair remains supported as market awaits ECB’s second TLTRO round for further direction on the Euro.
Moreover, investors are also looking forward to Germany inflation data, with the headline figure forecast to stay at 0.0% in November.
EUR/GBP Levels to consider
The pair has an immediate resistance at 0.7933 (Dec 9 High) levels, above which gains could be extended to 0.7943 (Dec 2 High) levels. On the flip side, support is seen at 0.7915 (20-day SMA), below which it could extend losses to 0.7903 (50-day SMA) levels.
Currently, the EUR/GBP pair trades at 0.7925 levels, up 0.06%, marginally higher from the previous session close of 0.7921. The pair remains supported as market awaits ECB’s second TLTRO round for further direction on the Euro.
Moreover, investors are also looking forward to Germany inflation data, with the headline figure forecast to stay at 0.0% in November.
EUR/GBP Levels to consider
The pair has an immediate resistance at 0.7933 (Dec 9 High) levels, above which gains could be extended to 0.7943 (Dec 2 High) levels. On the flip side, support is seen at 0.7915 (20-day SMA), below which it could extend losses to 0.7903 (50-day SMA) levels.