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25 Feb 2014
EUR/GBP hints on drifting lower
FXStreet (Moscow) - EUR/GBP opened the Asia at 0.8245, and since that time moved back and forth within 15-pip range.
Arm-wrestling between euro and pound
Despite the narrow ranges we see from the morning, the pair is drifting lower with tiny steps. Yesterday, the pair made an attempt to break above the nearest resistance level, but failed, and again returned to consolidation. Today the pound has the chance to arm-wrestle the euro if UK Nationwide data surprise to the upside, and the rumored Verizon demand for the cable will come true. In this case the pair will target at 0.8227 support level followed by 0.8208.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8257 with support below at 0.8227, 0.8208 and 0.8178, with resistance above at 0.8276, 0.8306, and 0.8325. Hourly Moving Averages are largely bearish, with the 200SMA bullish at 0.8222 and the daily 20EMA flat at 0.8251. Hourly RSI is neutral at 43.
Arm-wrestling between euro and pound
Despite the narrow ranges we see from the morning, the pair is drifting lower with tiny steps. Yesterday, the pair made an attempt to break above the nearest resistance level, but failed, and again returned to consolidation. Today the pound has the chance to arm-wrestle the euro if UK Nationwide data surprise to the upside, and the rumored Verizon demand for the cable will come true. In this case the pair will target at 0.8227 support level followed by 0.8208.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8257 with support below at 0.8227, 0.8208 and 0.8178, with resistance above at 0.8276, 0.8306, and 0.8325. Hourly Moving Averages are largely bearish, with the 200SMA bullish at 0.8222 and the daily 20EMA flat at 0.8251. Hourly RSI is neutral at 43.