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Forex pairs in this Article » GBP/USD, EUR/GBP (Moscow) - EUR/GBP showed the modest appreciation during the Asian trades rising from 0.8327 at the open to 0.8337.

EUR/GBP may get some support from EMU CPI

Today the pair has the potential to move higher, given the barren euro zone calendar, and scheduled for release UK retail sales. There is some possibility that the British economy will continue to disappoint after the series of weak reports. If so, we may see another move higher with the attack at 0.8348 level (January, 13 high) followed by the break if intraday resistance level at 0.8363.

What are today’s key EUR/GBP levels?

Today's central pivot point can be found at 0.8326 with support below at 0.8308 (S1), 0.8289 (S2) and 0.8271 (S3), with resistance above at 0.8345 (R1), 0.8363 (R2), and 0.8382 (R3). Hourly Moving Averages are bullish, with the 200SMA at 0.8301 and the daily 20EMA flat at 0.8321. Hourly RSI is neutral at 57.
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