Forex: EUR/GBP confirms Asia high of 0.7942 pre UK data
Forex pairs in this Article »
EUR/GBP
FXstreet.com (Barcelona) - EURGBP strengthened overnight printing a low of 0.7920 before climbing during the session to find resistance at 0.7942.
News that Moody's had placed the EU on its negative watch list failed to dampen momentum as price rose 22 pips before finding support at 0.7935. Today's significant data for the pair is UK PMI construction at 08:30 GMT followed by EU Producer Price Index figures at 089:00 GMT during the European session. The analysts at Forex Ticket see price ranging throughout the morning between 0.794-0.793 with further support to be found at 0.7923/0.7913 and resistance at 0.795/0.7967.
European futures look mixed into the open whilst commodities are mixed to higher.
News that Moody's had placed the EU on its negative watch list failed to dampen momentum as price rose 22 pips before finding support at 0.7935. Today's significant data for the pair is UK PMI construction at 08:30 GMT followed by EU Producer Price Index figures at 089:00 GMT during the European session. The analysts at Forex Ticket see price ranging throughout the morning between 0.794-0.793 with further support to be found at 0.7923/0.7913 and resistance at 0.795/0.7967.
European futures look mixed into the open whilst commodities are mixed to higher.
Free Annual Reports
