15 Sep 2015
EUR/GBP in a tight range near 0.7330
FXStreet (Edinburgh) - The consolidative tone from both the pound and the euro are prompting EUR/GBP to keep the trade in a narrow range so far, hovering over the 0.7335/30 area.
EUR/GBP attention to UK CPI, ZEW
Markets remain in a sideline scenario during the first half of the week following a cautious tone by traders in light of the key FOMC meeting due on Thursday. In the meantime, the cross will be vigilant on the inflation figures in the UK economy and the ZEW Survey in both Germany and the euro area, to be released later today.
Prior surveys expect UK’s consumer prices to come in flat on a year to August, and to have advanced 0.2% on a monthly basis. The ZEW Survey is seen lower in all of its components for the current month.
EUR/GBP key levels
At the moment the cross is losing 0.03% at 0.7333 and a breach of 0.7289 (low Sep.10) would aim for 0.7151 (low Aug.21) and finally 0.7091 (low Aug.20). On the other hand, the next resistance aligns at 0.7376 (high Sep.3) ahead of 0.7398 (high Sep.2) and then 0.7423 (high Aug.24).
EUR/GBP attention to UK CPI, ZEW
Markets remain in a sideline scenario during the first half of the week following a cautious tone by traders in light of the key FOMC meeting due on Thursday. In the meantime, the cross will be vigilant on the inflation figures in the UK economy and the ZEW Survey in both Germany and the euro area, to be released later today.
Prior surveys expect UK’s consumer prices to come in flat on a year to August, and to have advanced 0.2% on a monthly basis. The ZEW Survey is seen lower in all of its components for the current month.
EUR/GBP key levels
At the moment the cross is losing 0.03% at 0.7333 and a breach of 0.7289 (low Sep.10) would aim for 0.7151 (low Aug.21) and finally 0.7091 (low Aug.20). On the other hand, the next resistance aligns at 0.7376 (high Sep.3) ahead of 0.7398 (high Sep.2) and then 0.7423 (high Aug.24).