10 Jul 2015
EUR/GBP prints highs near 0.7230
FXStreet (Edinburgh) - The better tone in the risk-on space is giving further legs to the recent upside in EUR/GBP, sending it to session tops in the vicinity of 0.7230.
EUR/GBP boosted by Greece, eyes UK data
The European cross has managed to regain the 0.7200 handle in response to a rising buying interest around the euro, after the Greek government delivered the list of fresh proposals last night, to be assessed by the EU creditors. The proposals could pave the way for both parties to reach a deal at the EU Leaders Summit on Sunday.
In the data front, nothing worth of note in Euroland, while trade balance figures in the UK and Chairwoman J.Yellen’s speech will be the main highlights ahead in the session.
EUR/GBP key levels
At the moment the cross is up 0.49% at 0.7210 and a surpass of 0.7226 (high Jul.10) would aim for 0.7248 (high Jun.15) and then 0.7389 (high Jun.9). On the other hand, the initial support lines up at 0.7171 (low Jul.10) ahead of 0.7054 (low Jul.6) and finally 0.6988 (2015 low Jun.29).
EUR/GBP boosted by Greece, eyes UK data
The European cross has managed to regain the 0.7200 handle in response to a rising buying interest around the euro, after the Greek government delivered the list of fresh proposals last night, to be assessed by the EU creditors. The proposals could pave the way for both parties to reach a deal at the EU Leaders Summit on Sunday.
In the data front, nothing worth of note in Euroland, while trade balance figures in the UK and Chairwoman J.Yellen’s speech will be the main highlights ahead in the session.
EUR/GBP key levels
At the moment the cross is up 0.49% at 0.7210 and a surpass of 0.7226 (high Jul.10) would aim for 0.7248 (high Jun.15) and then 0.7389 (high Jun.9). On the other hand, the initial support lines up at 0.7171 (low Jul.10) ahead of 0.7054 (low Jul.6) and finally 0.6988 (2015 low Jun.29).