2 Jul 2015
EUR/GBP keeps highs around 0.7100
FXStreet (Edinburgh) - The sterling and the euro are both extending their sideline pattern into the European session on Thursday, with EUR/GBP gyrating around 0.7100 so far.
EUR/GBP within range ahead of Payrolls
The European cross is now looking to stabilize in the vicinity of the 0.7100 handle after a volatile start of the week following the Greek headlines. The single currency has surrendered upside momentum in light of Sunday’s referendum in Greece, while the pound has also shed part of recent strength backed by solid UK releases and a hawkish BoE.
Nothing of note data wise in Euroland or the UK, leaving the attention exclusively to June’s Non-farm Payrolls, with consensus expecting 230K.
Watch the NonFarm Payrolls Live Coverage with Valeria Bednarik and Dale Pinkert
EUR/GBP key levels
At the moment the pair is advancing 0.34% at 0.7103 with the next hurdle at 0.7127 (high Jun.30) ahead of 0.7168 (high Jun.29) and finally 0.7211 (high Jun.22). On the other hand, a break below 0.7071 (low Jul.2) would expose 0.6988 (2015 low Jun.29) and then 0.6900 (psychological level).
EUR/GBP within range ahead of Payrolls
The European cross is now looking to stabilize in the vicinity of the 0.7100 handle after a volatile start of the week following the Greek headlines. The single currency has surrendered upside momentum in light of Sunday’s referendum in Greece, while the pound has also shed part of recent strength backed by solid UK releases and a hawkish BoE.
Nothing of note data wise in Euroland or the UK, leaving the attention exclusively to June’s Non-farm Payrolls, with consensus expecting 230K.
Watch the NonFarm Payrolls Live Coverage with Valeria Bednarik and Dale Pinkert
EUR/GBP key levels
At the moment the pair is advancing 0.34% at 0.7103 with the next hurdle at 0.7127 (high Jun.30) ahead of 0.7168 (high Jun.29) and finally 0.7211 (high Jun.22). On the other hand, a break below 0.7071 (low Jul.2) would expose 0.6988 (2015 low Jun.29) and then 0.6900 (psychological level).