21 Mar 2014
EUR/GBP nests around 0.8350
FXStreet (Moscow) - EUR/GBP was as lazy as others swaying within 6-pips range with session low at 0.8346 and session high at 0.8350.
The pair may focus on Brussels
After a 35-pip slide down on yesterday’s comments on possible EU sanctions against Russia the pair recovered part of the losses, climbed closer to 0.8349 central pivot point, and fell asleep. Today’s economic calendar is practically barren, with only UK Public finance data on schedule. The British Public Sector net borrowing may hardly trigger any reaction, as the market is still focused on Brussels summit. Any new economic measures against Russia may have more pressure on the euro than on the pound, thus the slide down is not ruled out with initial target at 0.8327.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8349 with support below at 0.8327, 0.8306 and 0.8284, with resistance above at 0.8370, 0.8392, and 0.8413. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8358 and the daily 20EMA bullish at 0.8315. Hourly RSI is neutral at 46.
The pair may focus on Brussels
After a 35-pip slide down on yesterday’s comments on possible EU sanctions against Russia the pair recovered part of the losses, climbed closer to 0.8349 central pivot point, and fell asleep. Today’s economic calendar is practically barren, with only UK Public finance data on schedule. The British Public Sector net borrowing may hardly trigger any reaction, as the market is still focused on Brussels summit. Any new economic measures against Russia may have more pressure on the euro than on the pound, thus the slide down is not ruled out with initial target at 0.8327.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8349 with support below at 0.8327, 0.8306 and 0.8284, with resistance above at 0.8370, 0.8392, and 0.8413. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8358 and the daily 20EMA bullish at 0.8315. Hourly RSI is neutral at 46.