Forex: EUR/GBP trading near resistance at 0.8081
Forex pairs in this Article »
EUR/GBP
FXstreet.com (Barcelona) - In these moments, the EURGBP is trading near its session highs (0.8089) in the aftermath of economic data out of both the United Kingdom and the EMU during European trading Friday. At this juncture the cross has registered a steadfast +0.30% gain above its opening.
In the EMU, Industrial Production w.d.a. (YoY) has fallen only -2.9% in August, against consensus expectations of -4.2%. Moreover, Industrial Production s.a. (MoM) has grown at a rate of +0.6% in August, beating consensus estimates of only -0.4%. In the United Kingdom, the CB Leading Economic Index has grown +0.2% in September, up from +0.1% in the previous month.
In regards to the technical levels, the analyst team at Mataf.net has identified resistive measures at 0.8081, then 0.8100, and finally 0.8130. Conversely, a break below 0.8032 will trigger supports at 0.8002 and 0.7983.
In the EMU, Industrial Production w.d.a. (YoY) has fallen only -2.9% in August, against consensus expectations of -4.2%. Moreover, Industrial Production s.a. (MoM) has grown at a rate of +0.6% in August, beating consensus estimates of only -0.4%. In the United Kingdom, the CB Leading Economic Index has grown +0.2% in September, up from +0.1% in the previous month.
In regards to the technical levels, the analyst team at Mataf.net has identified resistive measures at 0.8081, then 0.8100, and finally 0.8130. Conversely, a break below 0.8032 will trigger supports at 0.8002 and 0.7983.
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