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Forex pairs in this Article » EUR/GBP (Barcelona) - Having declined overnight from an opening high at 0.8306, to post a low at 0.8279, EUR/GBP has bounced to where it is presently trading at 0.8296.

EUR/GBP off lows following Manufacturing PMIs

This morning has seen a sequence of European Manufacturing PMIs register, generally better than expected, with the absence of France who continue to disappoint, and the Eurozone which fell in line with expectations. Later today we have US Initial and Continuing Jobless Claims and Manufacturing PMI. Spot is presently trading at 0.8294.

What are today’s key EUR/GBP levels?

Today’s central pivot point is at 0.8305, which offers next resistance before 0.8313 (R1). Spot is presently finding support at 0.8292 (S1), before 0.8284 (S2). The range between 0.8294-0.8330 offers plenty of technical resistance levels clustered together. Hourly RSI sits at 39 having just moved out of oversold territory. The hourly 200 SMA sits at 0.8350, with the 20D EMA at 0.8357, both sloping lower.
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