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15 Oct 2014
EUR/GBP need more fuel to reach September highs
FXStreet (Moscow) - EUR/GBP posted 0.7960 high at the Asian open, before drifting lower to current 0.7954 area.
Since the breakout above 0.79 is confirmed, the pair may target September highs located above 0.80. However, strong fundamental catalyst is needed to see significant rally of the cross. Today’s UK data may help the pair to rise, provided Average Earnings growth comes out significantly below expectations. Immediate resistance for the pair may be located at 0.7979, and followed by 0.7979.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.7942 with support below at 0.7923, followed by 0.7886 and 0.7867, with resistance above at 0.7979, followed by 0.7998, and 0.8035. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.7878 and the daily 20EMA bullish at 0.7881. Hourly RSI is bullish at 59.
Since the breakout above 0.79 is confirmed, the pair may target September highs located above 0.80. However, strong fundamental catalyst is needed to see significant rally of the cross. Today’s UK data may help the pair to rise, provided Average Earnings growth comes out significantly below expectations. Immediate resistance for the pair may be located at 0.7979, and followed by 0.7979.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.7942 with support below at 0.7923, followed by 0.7886 and 0.7867, with resistance above at 0.7979, followed by 0.7998, and 0.8035. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.7878 and the daily 20EMA bullish at 0.7881. Hourly RSI is bullish at 59.