17 Dec 2014
EUR/GBP little changed post Euro zone CPI numbers
FXStreet (Mumbai) - The single currency edged slightly lower against the sterling after the Euro bloc’s CPI prints eased in November y/y, compared to the previous month.
Currently, the EUR/GBP pair trades at 0.7930 levels, down -0.17% on the day having posted a high of 0.7954 levels. The EUR/GBP pair trades lower after a report revealed that consumer prices in the euro zone grew 0.3% y/y in November, a slight downtick from the 0.4% growth posted a month ago. However, the pair did not react much as the Euro zone price pressures print was in line with market expectations.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7974 (Dec 15 High) and above which it could extend gains to 0.7983 (Oct 17 High) levels. To the downside immediate support might be located at 0.7929 (100-day SMA) and below that at 0.7911 (200-day SMA) levels.
Currently, the EUR/GBP pair trades at 0.7930 levels, down -0.17% on the day having posted a high of 0.7954 levels. The EUR/GBP pair trades lower after a report revealed that consumer prices in the euro zone grew 0.3% y/y in November, a slight downtick from the 0.4% growth posted a month ago. However, the pair did not react much as the Euro zone price pressures print was in line with market expectations.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7974 (Dec 15 High) and above which it could extend gains to 0.7983 (Oct 17 High) levels. To the downside immediate support might be located at 0.7929 (100-day SMA) and below that at 0.7911 (200-day SMA) levels.