Forex: EUR/GBP finds bids at 0.7960
Forex pairs in this Article »
EUR/GBP
FXstreet.com (Barcelona) - After bottoming in the 0.7960 region, the negative sentiment surrounding the sterling and the euro are keeping EURGBP under pressure.
Both the BoE and the ECB have left intact their monetary policies, broadly in line with market forecasts, although the press conference by ECB's M.Draghi is still weighting on the cross.
GBP and EUR are intensifying the weekly decline, only interrupted by the brief risk-rally after President B.Obama was re-elected.
As of writing, EURGBP is down 0.27% en 0.7967 with the next support at 0.7960 (50% of 0.7756-0.8165) ahead of 0.7952 (Lower Bollinger) then 0.7923 (low Sep.27) and 0.7912 (61.8% of 0.7756-0.8165).
On the flip side, a break above 0.8020 (MA10d) would clear the way to 0.8031 (high Nov.7) then 0.8040 (high Nov.1) and 0.8054 (MA30d).
Both the BoE and the ECB have left intact their monetary policies, broadly in line with market forecasts, although the press conference by ECB's M.Draghi is still weighting on the cross.
GBP and EUR are intensifying the weekly decline, only interrupted by the brief risk-rally after President B.Obama was re-elected.
As of writing, EURGBP is down 0.27% en 0.7967 with the next support at 0.7960 (50% of 0.7756-0.8165) ahead of 0.7952 (Lower Bollinger) then 0.7923 (low Sep.27) and 0.7912 (61.8% of 0.7756-0.8165).
On the flip side, a break above 0.8020 (MA10d) would clear the way to 0.8031 (high Nov.7) then 0.8040 (high Nov.1) and 0.8054 (MA30d).
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