3 Feb 2015
EUR/GBP declines on reports ECB may leave Troika
FXStreet (Barcelona) - The EUR/GBP> pair declined from a high around 0.7660 levels on reports that the European Central Bank (ECB) is considering leaving “Troika” of international lenders that governs Greece’s bailout.
EUR under pressure on reports of the ECB may leave “troika”
The shared currency came under slight pressure after the German newspaper Handelsblatt reported the European Central Bank (ECB) is considering withdrawing from the "troika" of international lenders that governs Greece's international bailout. The newspaper also reported that the International Monetary Fund would like to leave the troika sooner rather than later, leaving the European Commission as the sole remaining participant.
The news pushed the EUR/USD pair down to 1.1322 levels from the high of 1.1358 levels. Meanwhile, the GBP/USD pair remained largely unchanged around 1.5020. Consequently, the EUR/GBP cross was pushed lower to 0.7540 levels.
EUR/GBP Technical Levels
The immediate resistance is seen at 0.7544, above which the pair could re-test 0.7560 levels. Meanwhile, support is seen at 0.7515 and 0.7487 (10-DMA) levels.
EUR under pressure on reports of the ECB may leave “troika”
The shared currency came under slight pressure after the German newspaper Handelsblatt reported the European Central Bank (ECB) is considering withdrawing from the "troika" of international lenders that governs Greece's international bailout. The newspaper also reported that the International Monetary Fund would like to leave the troika sooner rather than later, leaving the European Commission as the sole remaining participant.
The news pushed the EUR/USD pair down to 1.1322 levels from the high of 1.1358 levels. Meanwhile, the GBP/USD pair remained largely unchanged around 1.5020. Consequently, the EUR/GBP cross was pushed lower to 0.7540 levels.
EUR/GBP Technical Levels
The immediate resistance is seen at 0.7544, above which the pair could re-test 0.7560 levels. Meanwhile, support is seen at 0.7515 and 0.7487 (10-DMA) levels.