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Forex pairs in this Article » EUR/GBP (Barcelona) - The EUR/GBP made it through resistance at 0.8395 Wednesday and has thus far held up above that level as the weekend approaches.

EUR/GBP traders will be watching technical support and minor data releases

EUR/GBP traders will be reacting mostly to technical factors and recent momentum Friday as only German Wholesale Prices and Eurozone Unemployment data is due out from Europe and only a speech by British Monetary Policy Committee member Spencer Dale is due out of Britain.

Technical outlook for EUR/GBP

Technicians say the EUR/GBP cross blasted through short-term resistance at 0.8395 in the last few days and has been churning above that level since. The next projected resistance for the cross comes in at 0.8462. Downside targets / support come in at Tuesday’s low of 0.8349 and the 11/21 close at 0.8316.
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