24 Mar 2014
EUR/GBP is too energetic in the morning
FXStreet (Moscow) - EUR/GBP started the day at 0.8379, but plunged back to 0.8361 session low and rebounded to 0.8369 at the moment.
Hard way above 0.84
The pair opened the day with a gap higher on quite aggressive comments from UK’s Hague against Russia. Nevertheless, the pair moved down in early Asia, closed the gap in 0.8360 area, and rebounded to 0.8370 in the morning. In the battle between the two strong European currencies the euro is showing more confidence staying in upside trend from the middle of February. Nevertheless, the 0.84 area may become a serious barrier on its way up given the failed attempts to break above it on March, 18. Today the pair may get some new catalysts to move higher if Flash PMI data from euro zone come out better than expected. The initial target will be at 0.8378 resistance level followed by 0.8390.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8360 with support below at 0.8348, 0.8330 and 0.8318, with resistance above at 0.8378, 0.8390, and 0.8408. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8361 and the daily 20EMA bullish at 0.8320. Hourly RSI is neutral at 46.
Hard way above 0.84
The pair opened the day with a gap higher on quite aggressive comments from UK’s Hague against Russia. Nevertheless, the pair moved down in early Asia, closed the gap in 0.8360 area, and rebounded to 0.8370 in the morning. In the battle between the two strong European currencies the euro is showing more confidence staying in upside trend from the middle of February. Nevertheless, the 0.84 area may become a serious barrier on its way up given the failed attempts to break above it on March, 18. Today the pair may get some new catalysts to move higher if Flash PMI data from euro zone come out better than expected. The initial target will be at 0.8378 resistance level followed by 0.8390.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8360 with support below at 0.8348, 0.8330 and 0.8318, with resistance above at 0.8378, 0.8390, and 0.8408. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8361 and the daily 20EMA bullish at 0.8320. Hourly RSI is neutral at 46.