28 May 2014
EUR/GBP took the pound weakness as the opportunity
FXStreet (Moscow) - EUR/GBP started the day at 0.8110, slid to 0.8104, but rebounded to 0.8130 area on pound weakness.
And again above 0.81
The pair used the pound weakness as the opportunity for a rebound back above 0.81 reaching weekly high at 0.8128 after a period of useless attempts to break below 0.8080 support level. The GBP/USD move below 1.68 triggered the cross-moves, and may be the key catalyst for European session. The released today data out of the EMU may bring some mild volatility, although the chances of breakouts on Consumer Confidence or German Unemployment are quite low. The initial target to the upside may be at 0.8140 resistance level, and the downside may be limited by 0.8091 support.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8105, with support below at 0.8091, 0.8070 and 0.8056, with resistance above 0.8126, 0.8140, and 0.8161. Hourly Moving Averages are mixed, with the 200SMA at 0.8121 and the daily 20EMA bearish at 0.8153. Hourly RSI is bullish at 52.
And again above 0.81
The pair used the pound weakness as the opportunity for a rebound back above 0.81 reaching weekly high at 0.8128 after a period of useless attempts to break below 0.8080 support level. The GBP/USD move below 1.68 triggered the cross-moves, and may be the key catalyst for European session. The released today data out of the EMU may bring some mild volatility, although the chances of breakouts on Consumer Confidence or German Unemployment are quite low. The initial target to the upside may be at 0.8140 resistance level, and the downside may be limited by 0.8091 support.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8105, with support below at 0.8091, 0.8070 and 0.8056, with resistance above 0.8126, 0.8140, and 0.8161. Hourly Moving Averages are mixed, with the 200SMA at 0.8121 and the daily 20EMA bearish at 0.8153. Hourly RSI is bullish at 52.