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Forex pairs in this Article » EUR/GBP
FXstreet.com (Barcelona) - The EURGBP has fallen in a multi-tiered pattern as each successive GDP release across Europe today paints the same disappointing picture. Most recently, on the heels of GDP data in the EMU, the cross plunged and is currently establishing session lows at the 0.8592/93 level at the time of writing.

In the EMU, the weakness across GDP figures continued today as the Gross Domestic Product s.a. (QoQ) fell -0.6% in the fourth quarter, against a consensus of only -0.4%. In addition, the Gross Domestic Product s.a. (YoY) also contracted -0.9% in the fourth quarter, which was in excess of estimated figures of only -0.7%

At the time of writing, the pair is recording a massive sizable of -0.72% Thursday and according to the Analysts at Mataf.net, the EURGBP may find stability at the 0.8592 support, followed by 0.8525, and finally 0.8479. On the ascension, resistances lie ahead at 0.8705, onto 0.8751, and 0.8818.
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