Forex: EUR/GBP highest since March '12 right below 0.84
Forex pairs in this Article »
EUR/GBP
FXstreet.com (Barcelona) - A +0.84% higher from previous Asia-Pacific open yesterday, EURGBP is currently printing fresh almost 10-month highs last at 0.8375, on the back of Euro strength, being actually strongest currency among majors, while Pound is in the weakest group, only above Yen and Swiss Franc. The cross is highest since March 28 2012.
London session ahead will focus on UK retail sales figures at 09:30 GMT which very likely could bring more volatility to the cross, while later on attention will swift to the US and consumer confidence data due at 14:55 GMT. In the Euro front the agenda appears empty, but Italy industrial orders at 09:00 GMT and Spanish Cabinet weekly meeting.
Immediate resistance to the upside for EURGBP once above recent session highs shows at March 28 highs 2012 0.8395, followed by Jan 27 2012 highs at 0.8409, and Dec 29 2011/March 13 2012 highs at 0.8424, also a big Fibo line. To the downside, closest support lies at yesterday's highs 0.8364, followed by Monday's highs at 0.8329, and past Friday's highs at 0.8288.
London session ahead will focus on UK retail sales figures at 09:30 GMT which very likely could bring more volatility to the cross, while later on attention will swift to the US and consumer confidence data due at 14:55 GMT. In the Euro front the agenda appears empty, but Italy industrial orders at 09:00 GMT and Spanish Cabinet weekly meeting.
Immediate resistance to the upside for EURGBP once above recent session highs shows at March 28 highs 2012 0.8395, followed by Jan 27 2012 highs at 0.8409, and Dec 29 2011/March 13 2012 highs at 0.8424, also a big Fibo line. To the downside, closest support lies at yesterday's highs 0.8364, followed by Monday's highs at 0.8329, and past Friday's highs at 0.8288.
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