24 Oct 2013
EUR/GBP reversed to support 0.8530
FXstreet.com (London) - European PMIs provided the direction for the morning, with PMIs’s disappointing, the EUR/GBP pair is back towards support 0.8530.
A move below 0.8500 would be a disappointment for a market that has bought the break higher. Up later we will have Carney speaking before markets will get UK GDP tomorrow. The pair is currently trading 0.8530 up 0.10% from the low of 0.8507.
EUR/GBP Levels
The 20 DMA is 0.8444, the 50 DMA is 0.8464 and the 200 DMA is 0.8533. RSI (18) reads 64.16. Supports are ascending from 0.8425, 0.8443, 0.8465, and 0.8494. Spot is currently 0.8530 while resistances are 0.8553, 0.8572, 0.8594 and 0.8651.
A move below 0.8500 would be a disappointment for a market that has bought the break higher. Up later we will have Carney speaking before markets will get UK GDP tomorrow. The pair is currently trading 0.8530 up 0.10% from the low of 0.8507.
EUR/GBP Levels
The 20 DMA is 0.8444, the 50 DMA is 0.8464 and the 200 DMA is 0.8533. RSI (18) reads 64.16. Supports are ascending from 0.8425, 0.8443, 0.8465, and 0.8494. Spot is currently 0.8530 while resistances are 0.8553, 0.8572, 0.8594 and 0.8651.