30 Apr 2015
EUR/GBP likely to rise to 0.7350 – FXStreet
FXStreet (Barcelona) - FXStreet Editor and Analyst, Omkar Godbole, sees further gains possible for EUR/GBP towards 0.7350, with both fundamentals and technicals likely to support the bullish view.
Key Quotes
“The pair is likely to close today above its 50-DMA located at 0.7228. Sharp gains on Wednesday and today could trigger a technical correction tomorrow. However, the losses are likely to be restricted around 50-DMA at 0.7728.”
“A break above 0.7274 could see renewed buying interest, thereby opening doors for 0.7319-0.7329.”
“Further gains to 0.7350 are likely in case the pair manages to close above 0.7329.”
Key Quotes
“The pair is likely to close today above its 50-DMA located at 0.7228. Sharp gains on Wednesday and today could trigger a technical correction tomorrow. However, the losses are likely to be restricted around 50-DMA at 0.7728.”
“A break above 0.7274 could see renewed buying interest, thereby opening doors for 0.7319-0.7329.”
“Further gains to 0.7350 are likely in case the pair manages to close above 0.7329.”