25 Apr 2014
EUR/GBP turns positive
FXStreet (Córdoba) - The EUR/GBP is back headed north following a phase of consolidation around mid-range. Following intraday swings seen during the European session on the back of UK retail sales data, the EUR/GBP took a breather before resuming the advance.
The EUR/GBP recovered from lows post-UK data around 0.8221, and it is currently trading at 0.8237, 0.09% above its opening price and on track to end the week 0.21% above last Friday's closing price. The pair has been trading in a tight over the last sessions after finding support at an 8-week low of 0.8197 Tuesday.
EUR/GBP levels to watch
The EUR/GBP was firmly rejected from the 0.8420 area earlier on the day, which stands as immediate resistance now. Above this latter next hurdles line up at 0.8245 (Apr 23 high) and 0.8275 (50-day SMA). On the other hand, supports are seen at 0.8221 (Apr 25 low) and 0.8200 (psychological level).
The EUR/GBP recovered from lows post-UK data around 0.8221, and it is currently trading at 0.8237, 0.09% above its opening price and on track to end the week 0.21% above last Friday's closing price. The pair has been trading in a tight over the last sessions after finding support at an 8-week low of 0.8197 Tuesday.
EUR/GBP levels to watch
The EUR/GBP was firmly rejected from the 0.8420 area earlier on the day, which stands as immediate resistance now. Above this latter next hurdles line up at 0.8245 (Apr 23 high) and 0.8275 (50-day SMA). On the other hand, supports are seen at 0.8221 (Apr 25 low) and 0.8200 (psychological level).