14 Aug 2013
EUR/GBP is attempting 0.8600 the figure
FXstreet.com (Barcelona) - EUR/GBP is bid post German GDP numbers and positive French data.
German data has been more in focus while GDP (Q2) improved YoY at 0.9% vs 0.3% consensus and -1.6% previous. Next up we have the UK in focus with BoE Minutes and the Claimant Count Change for July.
EUR/GBP choppy
EUR/GBP has been a choppy play with the pair falling yesterday through the 55 dma at 0.8684 to the four month support line at 0.8534 from where it has managed to pull back to target 0.8600 the figure. The pairs range has been capped at 0.8768 in the beginning of the month and this might be tested again should the pair manage closes above 0.8679 resistance. The 20 dma is 0.8638, the 50 dma is 0.8587 and 200 dma comes 0.8445. RSI (9) reads 42.13. Supports are ascending from 0.8441, 0.8464, 0.8512 and 0.8535. Spot is currently 0.8593 while resistances are 0.8610, 0.8625, 0.8679 and 0.8730.
German data has been more in focus while GDP (Q2) improved YoY at 0.9% vs 0.3% consensus and -1.6% previous. Next up we have the UK in focus with BoE Minutes and the Claimant Count Change for July.
EUR/GBP choppy
EUR/GBP has been a choppy play with the pair falling yesterday through the 55 dma at 0.8684 to the four month support line at 0.8534 from where it has managed to pull back to target 0.8600 the figure. The pairs range has been capped at 0.8768 in the beginning of the month and this might be tested again should the pair manage closes above 0.8679 resistance. The 20 dma is 0.8638, the 50 dma is 0.8587 and 200 dma comes 0.8445. RSI (9) reads 42.13. Supports are ascending from 0.8441, 0.8464, 0.8512 and 0.8535. Spot is currently 0.8593 while resistances are 0.8610, 0.8625, 0.8679 and 0.8730.