Forex: EUR/GBP trades at 0.8103 weekly high
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EUR/GBP
FXstreet.com (Barcelona) - EURGBP has steadily climbed today to post a weekly and a 24th October high at 0.8103 as we head into a quiet US session to cap off the week.
Having found support at the daily pivot point at 0.8070, the pair is currently trading just above classic R1 resistance at 0.8101. The pair is currently up 0.23% on the days trading following a morning session which saw mild German GDP and Ifo data and moderately positive UK Mortgage Application numbers.
With no economic data out of the US today and post Thanksgiving volume expected to be lower than usual, Canadian CPI has come in better than expected for October at 1.2/1.1% YoY and 0.2/0.1% MoM, 0.3% and is the last data out today. Elsewhere, European stocks have moved into positive territory alongside US futures and the majority of commodities.
Having found support at the daily pivot point at 0.8070, the pair is currently trading just above classic R1 resistance at 0.8101. The pair is currently up 0.23% on the days trading following a morning session which saw mild German GDP and Ifo data and moderately positive UK Mortgage Application numbers.
With no economic data out of the US today and post Thanksgiving volume expected to be lower than usual, Canadian CPI has come in better than expected for October at 1.2/1.1% YoY and 0.2/0.1% MoM, 0.3% and is the last data out today. Elsewhere, European stocks have moved into positive territory alongside US futures and the majority of commodities.
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