26 Mar 2014
EUR/GBP is sliding to 0.8350 area
FXStreet (Moscow) - EUR/GBP shows the speedy move down from 0.8362 to 0.8349 low at the moment.
Back to the future
The pair rebounded from 0.8340 low yesterday, and moved back targeting at 0.84 area again. Nevertheless, the pair stumbled in 0.8360 area meeting some sellers’ interest. The single currency is very sensitive to all news and comments on its exchange course, thus any development in this front may put the pair under pressure again. Today’s calendar is practically barren both for the EMU, and the UK, thus we may see some consolidation within narrow range of 0.8340-0.8365. The downside is limited by 0.8334 support level, and the upside – by 0.8364 resistance.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8364 with support below at 0.8334, 0.8303 and 0.8273, with resistance above at 0.8395, 0.8425, and 0.8456. Hourly Moving Averages are bearish, with the 200SMA at 0.8365 and the daily 20EMA bullish at 0.8330. Hourly RSI is neutral at 42.
Back to the future
The pair rebounded from 0.8340 low yesterday, and moved back targeting at 0.84 area again. Nevertheless, the pair stumbled in 0.8360 area meeting some sellers’ interest. The single currency is very sensitive to all news and comments on its exchange course, thus any development in this front may put the pair under pressure again. Today’s calendar is practically barren both for the EMU, and the UK, thus we may see some consolidation within narrow range of 0.8340-0.8365. The downside is limited by 0.8334 support level, and the upside – by 0.8364 resistance.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8364 with support below at 0.8334, 0.8303 and 0.8273, with resistance above at 0.8395, 0.8425, and 0.8456. Hourly Moving Averages are bearish, with the 200SMA at 0.8365 and the daily 20EMA bullish at 0.8330. Hourly RSI is neutral at 42.