7 Jul 2015
EUR/GBP tests highs near 0.7090
FXStreet (Edinburgh) - The offered tone around the sterling is now allowing EUR/GBP to climb to session tops near 0.7090.
EUR/GBP attention to EU Summit, UK data
The European cross has managed to break above the consolidative pattern prevailing since the beginning of the Asian session today, although still remains below the key barrier at 0.7100.
Ahead in the session, the EU Leaders Summit will be the most salient event in light of the recent developments in Greece. Across the Channel, Industrial/Manufacturing Production will shed some light on the performance of the UK economy as of late, followed by the GDP Estimate by NIESR.
EUR/GBP key levels
At the moment the pair is up 0.02% at 0.7087 and a break below 0.7054 (low Jul.6) would expose 0.6988 (2015 low Jun.29) and then 0.6900 (psychological level). On the other hand, the initial resistance lines up at 0.7127 (high Jun.30) ahead of 0.7168 (high Jun.29) and finally 0.7211 (high Jun.22).
EUR/GBP attention to EU Summit, UK data
The European cross has managed to break above the consolidative pattern prevailing since the beginning of the Asian session today, although still remains below the key barrier at 0.7100.
Ahead in the session, the EU Leaders Summit will be the most salient event in light of the recent developments in Greece. Across the Channel, Industrial/Manufacturing Production will shed some light on the performance of the UK economy as of late, followed by the GDP Estimate by NIESR.
EUR/GBP key levels
At the moment the pair is up 0.02% at 0.7087 and a break below 0.7054 (low Jul.6) would expose 0.6988 (2015 low Jun.29) and then 0.6900 (psychological level). On the other hand, the initial resistance lines up at 0.7127 (high Jun.30) ahead of 0.7168 (high Jun.29) and finally 0.7211 (high Jun.22).