7 Jun 2013
EUR/GBP is above 0.8500 ahead of NFP’s
FXstreet.com (London) - EUR/GBP is drifting higher towards resistance levels around 0.85320/30 ahead of NFP
‘EUR/GBP continues to weigh on the 55 day ma at 0.8497 and we have seen a minor close below here topping the balance to slightly negative. Rallies will find minor resistance at .8538 ahead of the 0.85975 recent high,’ said Karen Jones at Commerzbank.
She added that we should see this continue to hold the topside for a slide back to the 0.8422 mid-May low. Then explained any failure will leave the market weighing on the downside and target the 2013 support line at .8371 and the 2012-13 support line at 0.8362. Immediate support is 0.8460
‘EUR/GBP continues to weigh on the 55 day ma at 0.8497 and we have seen a minor close below here topping the balance to slightly negative. Rallies will find minor resistance at .8538 ahead of the 0.85975 recent high,’ said Karen Jones at Commerzbank.
She added that we should see this continue to hold the topside for a slide back to the 0.8422 mid-May low. Then explained any failure will leave the market weighing on the downside and target the 2013 support line at .8371 and the 2012-13 support line at 0.8362. Immediate support is 0.8460