16 Jun 2015
EUR/GBP shoots to 0.7250
FXStreet (Edinburgh) - The now better tone in the euro has propelled EUR/GBP to fresh daily tops in the mid-0.7200s so far.
EUR/GBP focus on Greece, UK data
The European cross is advancing for the second consecutive session so far, extending the rebound from recent troughs in the 0.7190 area amidst at generalized recovery in the risk appetite trends.
The ongoing upside in the cross will be under pressure later, as the UK economy will publish its inflation figures followed by the ZEW Survey in Germany and the euro area. Together with Greek headlines will be the main drivers for the cross ahead in the session.
EUR/GBP key levels
As of writing the cross is advancing 0.18% at 0.7244 and a surpass of 0.7277 (100-d MA) would expose 0.7287 (10-d MA) and finally 0.7315 (high Jun.11). On the other hand, the initial down barrier lies at 0.7213 (21-d MA) followed by 0.7197 (low Jun.12) and then 0.7183 (low Jun.2).
EUR/GBP focus on Greece, UK data
The European cross is advancing for the second consecutive session so far, extending the rebound from recent troughs in the 0.7190 area amidst at generalized recovery in the risk appetite trends.
The ongoing upside in the cross will be under pressure later, as the UK economy will publish its inflation figures followed by the ZEW Survey in Germany and the euro area. Together with Greek headlines will be the main drivers for the cross ahead in the session.
EUR/GBP key levels
As of writing the cross is advancing 0.18% at 0.7244 and a surpass of 0.7277 (100-d MA) would expose 0.7287 (10-d MA) and finally 0.7315 (high Jun.11). On the other hand, the initial down barrier lies at 0.7213 (21-d MA) followed by 0.7197 (low Jun.12) and then 0.7183 (low Jun.2).