27 Jun 2013
EUR/GBP looking to the upside
FXstreet.com (London) - EUR/GBP is starting the European session higher
The pivot is 0.8489 while the pair are testing the figure 0.8500. Key data in focus for the pair today start with the German Unemployment change (Jun) expected at 8k and Unemployment rate (Jun) expected 6.9%. Later on in the morning we have UK Q1 GDP mom expected at 0.3% and yoy expected to read 0.6%
EUR/GBP support and resistances
EUR/GBP Ma’s are indicating a bias to the upside on the hourly charts. If EUR/GBP breaks, the 0.8512 (high Jun.25) then next in target will be 0.8542 (high Jun.24) and 0.8552 (high Jun.21). On the down side, the pair are being held at 0.8470 (low Jun.26) but below comes 0.8464 (low Jun.12) and next support 0.8441 (low May 21).
The pivot is 0.8489 while the pair are testing the figure 0.8500. Key data in focus for the pair today start with the German Unemployment change (Jun) expected at 8k and Unemployment rate (Jun) expected 6.9%. Later on in the morning we have UK Q1 GDP mom expected at 0.3% and yoy expected to read 0.6%
EUR/GBP support and resistances
EUR/GBP Ma’s are indicating a bias to the upside on the hourly charts. If EUR/GBP breaks, the 0.8512 (high Jun.25) then next in target will be 0.8542 (high Jun.24) and 0.8552 (high Jun.21). On the down side, the pair are being held at 0.8470 (low Jun.26) but below comes 0.8464 (low Jun.12) and next support 0.8441 (low May 21).