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Forex pairs in this Article » EUR/GBP
FXStreet (Moscow) - EUR/GBP is in correction after impressive dive down to 0.8179 low recovering back above 0.82 at the moment.

EUR/GBP may go corrective

The pair has become a mediator between EUR and GBP easily transferring the moves to both sides including the major pairs. Last week it helped to trigger the GBP/USD slide on euro zone data, yesterday the reactions from the pound were transferred to EUR/USD. Nevertheless, today the story will be different, as there is no data from the EMU and UK. Most probably, the pair will move on technical factors – it reached the bottom around 0.8180, and chances of a corrective move back to 0.8227 resistance level are quite high.

What are today’s key EUR/GBP levels?

Today's central pivot point can be found at 0.8227 with support below at 0.8153, 0.8113 and 0.8039, with resistance above at 0.8267, 0.8341, and 0.8381. Hourly Moving Averages are bearish, with the 200SMA at 0.8284 and the daily 20EMA flat at 0.8275. Hourly RSI is neutral at 27.
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