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Forex pairs in this Article » EUR/GBP (Barcelona) - Having ranged into the European session with a high at 0.8374 and a low at 0.8362, EUR/GBP is presently treading water at 0.8370, down 0.02% on the days trading.

Quiet European docket leaves EUR/GBP rangebound

This morning has an absence of significant European data, with only EZ Current Account data which came in lower than expectations, and Trade Balance data follows at 10:00 GMT. Investors will be looking ahead to tomorrow’s session which includes the German ZEW survey for a major momentum cue, before the BoE minutes on Wednesday and EU PMI on Thursday.

What are today’s key EUR/GBP levels and patterns?

The central pivot point is located at 0.8372. Pivot supports for this pair are to be found at 0.8357 (S1), 0.8341 (S2) and 0.8326 (S3). Conversely, daily pivot resistances for this pair are to be found at 0.8388 (R1), 0.8403 (R2) and 0.8419 (R3). Special attention should be paid to the price range 0.8371-0.8337 where several technical levels are confluent today. Candlestick patterns detected in the EUR/GBP are: a Hammer to be found in the 1-day timeframe.
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