20 Jun 2014
EUR/GBP - no data, no moves
FXStreet (Moscow) - EUR/GBP is below 0.80 trading at 0.7991 at the moment, though there were some attempts to go higher.
More lows in store
Given the determined pound rise with new record highs in GBP/USD, it looks like the resistance at 0.80 is in the past, and there are new multi-year lows in store. The pair posted almost 2-year low at 0.7958, and every new fundamental reasons for the sterling strength will help the pair beat the record. The initial target to the downside may lie at 0.7970 support level, while the nearest resistance may lie at 0.8014.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.7998, with support below at 0.7970, 0.7954 and 0.7926 with resistance above at 0.8014, 0.8042, and 0.8058. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8021 and the daily 20EMA bearish at 0.8064. Hourly RSI is bearish at 43.
More lows in store
Given the determined pound rise with new record highs in GBP/USD, it looks like the resistance at 0.80 is in the past, and there are new multi-year lows in store. The pair posted almost 2-year low at 0.7958, and every new fundamental reasons for the sterling strength will help the pair beat the record. The initial target to the downside may lie at 0.7970 support level, while the nearest resistance may lie at 0.8014.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.7998, with support below at 0.7970, 0.7954 and 0.7926 with resistance above at 0.8014, 0.8042, and 0.8058. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8021 and the daily 20EMA bearish at 0.8064. Hourly RSI is bearish at 43.