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Forex pairs in this Article » EUR/GBP (Moscow) - EUR/GBP is showing the move up during the Asian trades rising from 0.8309 at the open to 0.8329.

EUR/GBP may get some support from EMU CPI

The pair rebounded from two-week high at 0.8348 reached on Monday, and since then we saw the gradual move down. Yesterday’s worse than expected German GDP put the euro under pressure, supporting the downward direction. However, during American session the pair started the correction reaching 0.8329 at the moment. The scheduled for today European CPI may give the pair new triggers – the rise of the index may support the break of 0.8332 level which will open the way to the initial resistance level at 0.8355.

What are today’s key EUR/GBP levels?

Today's central pivot point can be found at 0.8308 with support below at 0.8285 (S1), 0.8261 (S2) and 0.8238 (S3), with resistance above at 0.8332 (R1), 0.8355 (R2), and 0.8379 (R3). Hourly Moving Averages are bullish, with the 200SMA at 0.8297 and the daily 20EMA flat at 0.8321. Hourly RSI is neutral at 34.
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