18 Jul 2014
EUR/GBP needs to have a good rest around 0.79
FXStreet (Moscow) - EUR/GBP spent the European morning floating just above 0,79, and nothing bothers it so far.
Nothing to chew
The pair exhausted the momentum, and stuck around 0.79 area. The yesterday risk aversive moves on the news about air crash stayed away from the cross. The absence of any economic catalysts may leave the pair in cozy area with limited movements within narrow range. The nearest target to the upside may lie at 0.7922, and the downside may be protected by support at 0.7893.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.7904, with support below at 0.7893, 0.7875 and 0.7864 with resistance above at 0.7922, 0.7933, and 0.7951. Hourly Moving Averages are bearish, with the 200SMA at 0.7937 and the daily 20EMA bearish at 0.7962. Hourly RSI is bearish at 48.
Nothing to chew
The pair exhausted the momentum, and stuck around 0.79 area. The yesterday risk aversive moves on the news about air crash stayed away from the cross. The absence of any economic catalysts may leave the pair in cozy area with limited movements within narrow range. The nearest target to the upside may lie at 0.7922, and the downside may be protected by support at 0.7893.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.7904, with support below at 0.7893, 0.7875 and 0.7864 with resistance above at 0.7922, 0.7933, and 0.7951. Hourly Moving Averages are bearish, with the 200SMA at 0.7937 and the daily 20EMA bearish at 0.7962. Hourly RSI is bearish at 48.