Forex: EUR/GBP declines through European session
Forex pairs in this Article »
EUR/GBP
FXstreet.com (Barcelona) - EURGBP has found support at the daily pivot point following a decline from the daily high after soft European economic data.
The pair, currently trading just above support at the daily pivot point at 0.8191, following a decline throughout the European session from the morning high at 0.8209 after soft European data. In a thin market and economic calendar, French Consumer Confidence improved but Producer Prices declined. Italian Business Confidence improved but UK Mortgage Approvals slumped. Danske Analysts are long at 0.8185 with a stop at 0.8145 and a target of 0.8269.
The pair, currently trading just above support at the daily pivot point at 0.8191, following a decline throughout the European session from the morning high at 0.8209 after soft European data. In a thin market and economic calendar, French Consumer Confidence improved but Producer Prices declined. Italian Business Confidence improved but UK Mortgage Approvals slumped. Danske Analysts are long at 0.8185 with a stop at 0.8145 and a target of 0.8269.
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