Forex: EUR/GBP continues overnight climb
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EUR/GBP
FXstreet.com (Barcelona) - Having made support at the overnight low of 0.8265, EURGBP has steadily climbed into the European session.
Spot found support at Classic S1 at 0.8257 overnight before climbing to where it is currently trading at 0.8288, having previously made a high at 0.8294 where spot found resistance at the daily pivot point at 0.8292 and the psychologically round 0.8300 level above. The hourly 5 MA has crossed the 20 to the upside, hinting at some near term upside momentum. Elsewhere hourly RSI is at 52, having slightly flattened following the overnight climb from the low 30's. Calendar wise today's European schedule looks thin with only a German 10 year action and EU CPI at 10:00 GMT standing out in terms of significance.
Spot found support at Classic S1 at 0.8257 overnight before climbing to where it is currently trading at 0.8288, having previously made a high at 0.8294 where spot found resistance at the daily pivot point at 0.8292 and the psychologically round 0.8300 level above. The hourly 5 MA has crossed the 20 to the upside, hinting at some near term upside momentum. Elsewhere hourly RSI is at 52, having slightly flattened following the overnight climb from the low 30's. Calendar wise today's European schedule looks thin with only a German 10 year action and EU CPI at 10:00 GMT standing out in terms of significance.
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