8 Apr 2015
EUR/GBP extends above 0.7300
FXStreet (Edinburgh) - EUR/GBP is inching higher on Wednesday, looking to consolidate the recent break above the 0.7300 handle.
EUR/GBP bounced off 0.7280
After bottoming out in the area of 0.7280 on Tuesday, the European cross managed to pick up some pace and recover the 0.7300 mark and beyond. In the data space, German Factory Orders contracted 0.9% inter-month during February, while EMU’s Retail Sales and UK’s RICS Housing Price Balance are due later.
The risk appetite trends are poised to set the tone today, previous to the release of the FOMC minutes in the European evening/night.
EUR/GBP key levels
At the moment the cross is up 0.06% at 0.7307 and a breakout of 0.7379 (high Apr.3) would aim for 0.7385 (high Mar.25) and finally 0.7400 (psychological level). On the other hand, the next support lines up at 0.7257 (low Apr.2) ahead of 0.7222 (low Mar.31) and then 0.7200 (psychological level).
EUR/GBP bounced off 0.7280
After bottoming out in the area of 0.7280 on Tuesday, the European cross managed to pick up some pace and recover the 0.7300 mark and beyond. In the data space, German Factory Orders contracted 0.9% inter-month during February, while EMU’s Retail Sales and UK’s RICS Housing Price Balance are due later.
The risk appetite trends are poised to set the tone today, previous to the release of the FOMC minutes in the European evening/night.
EUR/GBP key levels
At the moment the cross is up 0.06% at 0.7307 and a breakout of 0.7379 (high Apr.3) would aim for 0.7385 (high Mar.25) and finally 0.7400 (psychological level). On the other hand, the next support lines up at 0.7257 (low Apr.2) ahead of 0.7222 (low Mar.31) and then 0.7200 (psychological level).