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10 Sep 2014
EUR/GBP slightly retreats from highs back to 0.80
FXStreet (Moscow) - EUR/GBP opened the day at 0.8032, and decided to retreat a bit posting 0.8008 session low in Europe.
When Scotland says “Yes”, EU says “No”
EUR/GBP rebounded above 0.8030 yesterday, and one of the reasons of such euro superiority may be the delayed sanctions against Russia, and the seize-fire agreement that is still not violated. Since the pound is still pressured by the Scotland Independence issue, the cross may show some additional attempts to climb higher up till the end of the week. The next target to the upside may lie at0.8037 resistance. The downside may be limited by 0.7996.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8017, with support below at 0.7996, 0.7959 and 0.7938 with resistance above at 0.8037, 0.8075, and 0.8112. Hourly Moving Averages are largely bullish, with the 200SMA bullish at 0.7962 and the daily 20EMA bullish at 0.7969. Hourly RSI is bearish at 49.
When Scotland says “Yes”, EU says “No”
EUR/GBP rebounded above 0.8030 yesterday, and one of the reasons of such euro superiority may be the delayed sanctions against Russia, and the seize-fire agreement that is still not violated. Since the pound is still pressured by the Scotland Independence issue, the cross may show some additional attempts to climb higher up till the end of the week. The next target to the upside may lie at0.8037 resistance. The downside may be limited by 0.7996.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8017, with support below at 0.7996, 0.7959 and 0.7938 with resistance above at 0.8037, 0.8075, and 0.8112. Hourly Moving Averages are largely bullish, with the 200SMA bullish at 0.7962 and the daily 20EMA bullish at 0.7969. Hourly RSI is bearish at 49.