24 Sep 2013
EUR/GBP regaining territory above the pivot for 0.8440/50
FXstreet.com (London) - EUR/GBP dropped from 0.8440 to test the 0.8400 handle yesterday, but has since regained territory and closed the gap.
From the calendar, EUR/GBP suffered offers post a mixed set of IFO numbers from Germany while for the UK this week, we are looking out for the GDP Q/Q and Y/Y on Thursday.
EUR/GBP levels
The 20 DMA is .8443, the 50 DMA is .8543 and the 200 DMA is .8506. RSI (14) reads 60.63. Supports are ascending from .8326, .8353, .8370, and .8399. Spot is currently .8433 while resistances are coming at .8445, .8488, .8505, .8520 and .8537.
From the calendar, EUR/GBP suffered offers post a mixed set of IFO numbers from Germany while for the UK this week, we are looking out for the GDP Q/Q and Y/Y on Thursday.
EUR/GBP levels
The 20 DMA is .8443, the 50 DMA is .8543 and the 200 DMA is .8506. RSI (14) reads 60.63. Supports are ascending from .8326, .8353, .8370, and .8399. Spot is currently .8433 while resistances are coming at .8445, .8488, .8505, .8520 and .8537.