EUR/GBP set on 0.8400?

FXstreet.com (London) - ="">EUR/GBP is attempting the 0.84 handle with little conviction so far.

>EUR/GBP has been attempting the figure this week on the open with a gap higher on the charts but even despite Germany’s ZEW survey expectations component rising to 54.6 this month, from 52.8 in October the pair has struggled. The data implies that the German economy continued to expand in Q4 but that the pace remains moderate. However, the market’s initial reaction to the Bank of England’s hawkish November Inflation Report still prevails and Sterling is higher across the board with >GBP/USD taking on new highs.

EUR/GBP Levels

The 20 DMA is 0.8449, the 50 DMA is 0.8436 and the 200 DMA is 0.8526. RSI (14) reads 46.81. Supports are ascending from 0.8300, 0.8322, 0.8340, and 0.8358. Spot is currently 0.8396 while resistances are 0.8407, 0.8416, 0.8464 and 0.8477.