Forex: EUR/GBP in session lows around 0.8280
Forex pairs in this Article »
EUR/GBP
FXstreet.com (Barcelona) - The pair has suddenly dropped to levels sub 0.8270 after Eurogroup member J.C.Juncker has hinted the fact that the euro exchange rate is somewhat 'dangerously high', hammering the single currency and dragging it to levels below 1.3270 against the buck, while the sterling is trading in the mid 1.6000s as of writing.
In the data space, Wednesday will bring a measure of the Italian trade balance, followed by December inflation figures in the euro bloc and the US, ahead of the Beige Book. There won't be any releases in the UK.
At the moment, the pair is down 0.55% at 0.8270, with the immediate support at 0.8205 (low Jan.11) followed by 0.8175 (MA21d) and 0.8145 (low Jan.10).
On the upside, a breakout of 0.8325 (high Jan.14) would clear the way to 0.8468 (high Feb.29) and finally 0.8490 (high Feb.28).
In the data space, Wednesday will bring a measure of the Italian trade balance, followed by December inflation figures in the euro bloc and the US, ahead of the Beige Book. There won't be any releases in the UK.
At the moment, the pair is down 0.55% at 0.8270, with the immediate support at 0.8205 (low Jan.11) followed by 0.8175 (MA21d) and 0.8145 (low Jan.10).
On the upside, a breakout of 0.8325 (high Jan.14) would clear the way to 0.8468 (high Feb.29) and finally 0.8490 (high Feb.28).
Free Annual Reports
