20 Aug 2013
EUR/GBP stalls on 0.8560 zone
FXstreet.com (Chicago) - EUR/GBP has strengthened 0.46% so far prior to Wall Street’s closing bell and ahead of housing and GDP data in the UK later this week along consumer confidence and manufacturing results for the euro-zone.
Strike Two
In Europe, the FTSE 100 closed down 0.27% along a CAC40 with 1.35% losses and a DAX 0.79% behind. The Euronext also lost over 1% at -1.25%.
Price action, technical levels
The euro had a remarkable performance against the pound after peaking from 0.8517 lows to reach 0.8576 intraday highs. At 0.8561, the pair remains trading between supports at 0.8556 (July 1st lows), 0.8536 (August 16th highs) ahead of 0.8520 (July 2nd lows) and resistances at 0.8568 (August 14th highs), 0.8578 (August 7th lows) followed by 0.8589 (July 17th lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis trading above the EMA20.
Strike Two
In Europe, the FTSE 100 closed down 0.27% along a CAC40 with 1.35% losses and a DAX 0.79% behind. The Euronext also lost over 1% at -1.25%.
Price action, technical levels
The euro had a remarkable performance against the pound after peaking from 0.8517 lows to reach 0.8576 intraday highs. At 0.8561, the pair remains trading between supports at 0.8556 (July 1st lows), 0.8536 (August 16th highs) ahead of 0.8520 (July 2nd lows) and resistances at 0.8568 (August 14th highs), 0.8578 (August 7th lows) followed by 0.8589 (July 17th lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis trading above the EMA20.