9 Jul 2014
EUR/GBP ignored the ECB’s Coene comments, but loved GBP weakness
FXStreet (Moscow) - EUR/GBP opened the day at 0.7944, and is slowly moving up testing 0.7950 area at the moment.
It’s not World Cup
The pair is still on the rebound, and there are very few chances to see any change of trend today, when the European economic calendar is practically empty. The only catalyst for now may be the market sentiment, and stock market. Even recent comments from ECB’s Coene were ignored by the pair. Thus, the range-bound sessions ahead are not ruled out. The upside may be limited by 0.7961, and the downside – by 0.7926.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.7943, with support below at 0.7926, 0.7908 and 0.7891 with resistance above at 0.7961, 0.7978, and 0.7996. Hourly Moving Averages are mixed, with the 200SMA at 0.7965 and the daily 20EMA bearish at 0.7994. Hourly RSI is bullish at 57.
It’s not World Cup
The pair is still on the rebound, and there are very few chances to see any change of trend today, when the European economic calendar is practically empty. The only catalyst for now may be the market sentiment, and stock market. Even recent comments from ECB’s Coene were ignored by the pair. Thus, the range-bound sessions ahead are not ruled out. The upside may be limited by 0.7961, and the downside – by 0.7926.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.7943, with support below at 0.7926, 0.7908 and 0.7891 with resistance above at 0.7961, 0.7978, and 0.7996. Hourly Moving Averages are mixed, with the 200SMA at 0.7965 and the daily 20EMA bearish at 0.7994. Hourly RSI is bullish at 57.