EUR/GBP threatens 0.8000
Forex pairs in this Article »
EUR/GBP
FXstreet.com (Barcelona) - The pair is trading a few pips above the key mark of 0.8000 on Thursday, dragged lower by the recent push of the sterling as the single currency remains stuck in the 1.2500 region.
After printing fresh highs against the buck, some selling pressure hit the pound after the poor data out of the Nationwide housing price index, contracting 1.5% since June 2011
Data wise, GDP figures and the current account results during the first quarter are due in the UK and confidence/sentiment indices are expected the euro zone, as well as Italian bond acutions.
EURGBP is now advancing a meager 0.01% at 0.8011, and a breakout of 0.8060 (MA21d) would open the door to 0.8085 (MA55d) then 0.8100 (high Jun.20) and 0.8144 (Upper Bollinger).
On the other hand, support levels lie at 0.7977 (Lower Bollinger) followed by 0.7971 (low May 30) then 0.7951 (low 2012 May 16) and 0.7808 (low Oct.31 2008).
After printing fresh highs against the buck, some selling pressure hit the pound after the poor data out of the Nationwide housing price index, contracting 1.5% since June 2011
Data wise, GDP figures and the current account results during the first quarter are due in the UK and confidence/sentiment indices are expected the euro zone, as well as Italian bond acutions.
EURGBP is now advancing a meager 0.01% at 0.8011, and a breakout of 0.8060 (MA21d) would open the door to 0.8085 (MA55d) then 0.8100 (high Jun.20) and 0.8144 (Upper Bollinger).
On the other hand, support levels lie at 0.7977 (Lower Bollinger) followed by 0.7971 (low May 30) then 0.7951 (low 2012 May 16) and 0.7808 (low Oct.31 2008).
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