Forex: EUR/GBP jumps to 0.8200
Forex pairs in this Article »
EUR/GBP
FXstreet.com (San Francisco) - The Euro is trading higher today following the Draghi's words on improved Eurozone situation. Against the Sterling, the EURGBP has jumped around 50 pips from 0.8155 to reach levels above the 0.8200 area.
Currently the EURGBP is trading at 0.8200, 0.55% above opening price action. With the current resistance at 0.8200 (hourly high Dec.28), next levels come at 0.8206 (Upper Bollinger) and then 0.8225 (high Dec.28).
On the flip side, a breakdown of 0.8137 (low Jan.8) would expose 0.8090 (Lower Bollinger) and finally 0.8089 (MA55d).
Ealier, The pair edged higher from 0.8140 after the BoE matched expectations, leaving both the lending benchmark and the Asset Purchase Programme unchanged at 0.5% and £375 billion, respectively.
Currently the EURGBP is trading at 0.8200, 0.55% above opening price action. With the current resistance at 0.8200 (hourly high Dec.28), next levels come at 0.8206 (Upper Bollinger) and then 0.8225 (high Dec.28).
On the flip side, a breakdown of 0.8137 (low Jan.8) would expose 0.8090 (Lower Bollinger) and finally 0.8089 (MA55d).
Ealier, The pair edged higher from 0.8140 after the BoE matched expectations, leaving both the lending benchmark and the Asset Purchase Programme unchanged at 0.5% and £375 billion, respectively.
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