Forex: EUR/GBP retreats from highs
Forex pairs in this Article »
EUR/GBP
FXstreet.com (Barcelona) - The psychological mark of 0.8000 seems to be just a memory for the pair, trading now in the 0.8015 region, slightly lower than today's highs.
The pair remains buoyant as the euro and the sterling keep printing fresh highs against a beleaguered greenback, ahead of the FOMC meeting due today, in which investors have solid hopes of another round of Q3.
In the data front, the ECB Monthly Report in the euro zone and the BoE Quarterly Bulletin are expected, before the Fed meeting.
The pair is now is up 0.07% at 0.8016 with the next resistance at 0.8042 (high Jul.5) ahead of 0.8054 (high Jul.4) then 0.8094 (high Jun.29) and 0.8100 (high Jun.20).
Support levels, on the other hand, lie at 0.7967 (low Sep.11) followed by 0.7952 (MA10d) then 0.7928 (low Sep.7) and 0.7910 (MA30d).
The pair remains buoyant as the euro and the sterling keep printing fresh highs against a beleaguered greenback, ahead of the FOMC meeting due today, in which investors have solid hopes of another round of Q3.
In the data front, the ECB Monthly Report in the euro zone and the BoE Quarterly Bulletin are expected, before the Fed meeting.
The pair is now is up 0.07% at 0.8016 with the next resistance at 0.8042 (high Jul.5) ahead of 0.8054 (high Jul.4) then 0.8094 (high Jun.29) and 0.8100 (high Jun.20).
Support levels, on the other hand, lie at 0.7967 (low Sep.11) followed by 0.7952 (MA10d) then 0.7928 (low Sep.7) and 0.7910 (MA30d).
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