24 Oct 2013
EUR/GBP reaches 2-month high
FXstreet.com (Córdoba) - The EUR/GBP pushed through the 0.8530 area and climbed to a fresh 2-month high after a soft CBI industrial trends survey showed factory orders fell, while business optimism rose in October.
EUR/GBP pierces above 200-day SMA
As the pound weakened, EUR/GBP rose above the 0.8530/35 zone, where the 200-day SMA reinforces resistance, and peaked at 0.8540 before pulling back. At time of writing, EUR/GBP is trading at 0.8530, 0.1% above its opening price.
EUR/GBP technical levels
In terms of technical levels, EUR/GBP could find next resistances at 0.8540 (daily high), and 0.8532 (Aug 30 high). On the flip side, supports are seen at 0.8505/00 (daily low/psychological level) and 0.8483 (100-hour SMA/Oct 23 low).
EUR/GBP pierces above 200-day SMA
As the pound weakened, EUR/GBP rose above the 0.8530/35 zone, where the 200-day SMA reinforces resistance, and peaked at 0.8540 before pulling back. At time of writing, EUR/GBP is trading at 0.8530, 0.1% above its opening price.
EUR/GBP technical levels
In terms of technical levels, EUR/GBP could find next resistances at 0.8540 (daily high), and 0.8532 (Aug 30 high). On the flip side, supports are seen at 0.8505/00 (daily low/psychological level) and 0.8483 (100-hour SMA/Oct 23 low).