23 Mar 2015
EUR/GBP: Bulls have 0.74 in their sight
FXStreet (Guatemala) - EUR/GBP is currently trading at 0.7323 with a high of 0.7331 and a low of 0.7227.
EUR/GBP's rally has been in consolidation in the US shift. The cross was bid from the get go in European markets amid growing uncertainty around the political structure of the UK with elections on the way, stops triggered and the cross hasn't had a look back below the 0.73 since.
Technically, EUR/GBP's February 18th low at 0.7349 is next stop on the bid while a break of this would expose the 0.7400 level and January's bearish gap. . Meanwhile, Karen jones, chief analyst at Commerzbank suggested that any dips lower are indicated to terminate along the two week support line at 0.7202 ahead of the March 19 low at 0.7155.
EUR/GBP's rally has been in consolidation in the US shift. The cross was bid from the get go in European markets amid growing uncertainty around the political structure of the UK with elections on the way, stops triggered and the cross hasn't had a look back below the 0.73 since.
Technically, EUR/GBP's February 18th low at 0.7349 is next stop on the bid while a break of this would expose the 0.7400 level and January's bearish gap. . Meanwhile, Karen jones, chief analyst at Commerzbank suggested that any dips lower are indicated to terminate along the two week support line at 0.7202 ahead of the March 19 low at 0.7155.