13 Dec 2013
EUR/GBP just above even Friday after indecisive day Thursday - no key data til next week
FXstreet.com (Barcelona) - The EUR/GBP made it through resistance at 0.8395 Wednesday and has thus far held up above that level as the weekend approaches.
EUR/GBP traders will be watching technical support and minor data releases
EUR/GBP traders will be reacting mostly to technical factors and recent momentum Friday as only German Wholesale Prices and Eurozone Unemployment data is due out from Europe and only a speech by British Monetary Policy Committee member Spencer Dale is due out of Britain.
Technical outlook for EUR/GBP
Technicians say the EUR/GBP cross blasted through short-term resistance at 0.8395 in the last few days and has been churning above that level since. The next projected resistance for the cross comes in at 0.8462. Downside targets / support come in at Tuesday’s low of 0.8349 and the 11/21 close at 0.8316.
EUR/GBP traders will be watching technical support and minor data releases
EUR/GBP traders will be reacting mostly to technical factors and recent momentum Friday as only German Wholesale Prices and Eurozone Unemployment data is due out from Europe and only a speech by British Monetary Policy Committee member Spencer Dale is due out of Britain.
Technical outlook for EUR/GBP
Technicians say the EUR/GBP cross blasted through short-term resistance at 0.8395 in the last few days and has been churning above that level since. The next projected resistance for the cross comes in at 0.8462. Downside targets / support come in at Tuesday’s low of 0.8349 and the 11/21 close at 0.8316.