Forex: EUR/GBP in a 10 pip range for last 11 hours above 0.81

FXstreet.com (Barcelona) - Little change for the week in EURGBP as it trades exactly at same quote closed Friday last week, currently at 0.8111. The cross has been last 11 hours inside a 10 pip range 0.8106/16 following the retrace from yesterday's double high at 0.8132. Weak local share markets, all in the red with no exception, following yesterday's SP500 -0.47% fall, point to a slightly lower open in today's European share markets.

For the London session ahead, Euro focus will be on Ecofin starting at 08:00 GMT, along with Spanish jobless rate data at same hour, and EU PPI numbers at 10:00 GMT, while for Pound, UK Halifax House Price Index is scheduled for 08:00 GMT while UK Construction PMI figures will be released at 09:30 GMT, any of which could make EURGBP to break outside its current tiny range.

Immediate support to the downside for EURGBP lies at recent session lows 0.8106, followed by Monday's weekly lows at 0.81 round, and Oct 31 highs at 0.8075. To the upside, closest resistance shows at Friday's and yesterday's highs 0.8132, followed by June 05/Oct 19 highs at 0.8141/9 and Oct 23 highs at 0.8165.