Forex: EUR/GBP upside capped at 0.8130
Forex pairs in this Article »
EUR/GBP
FXstreet.com (Barcelona) - The pair can't gather enough traction to follow through the 0.8130 mark on Monday, retracing ground now to the 0.8115/20 region after a new failed attempt.
The pair is trading in today's mid range so far, pushed higher by upbeat tone in risk appetite on positive data out of Chinese and EMU manufacturing PMI prints for the month of November.
Although no major announcements are expected in both the repo rate and regarding further easing, the pair would be under pressure ahead in the week, as both the ECB and the BoE will hold their monetary policy meetings.
EURGBP is up 0.15% at 0.8117
Next resistance levels are located at 0.8132 (Upper Bollinger) followed by 0.8147 (high Oct.24) and then 0.8160 (high Oct.23).
On the downside, a violation of 0.8087 (low Nov.30) would open the door to 0.8063 (MA10d) and then 0.8047 (MA21d).
The pair is trading in today's mid range so far, pushed higher by upbeat tone in risk appetite on positive data out of Chinese and EMU manufacturing PMI prints for the month of November.
Although no major announcements are expected in both the repo rate and regarding further easing, the pair would be under pressure ahead in the week, as both the ECB and the BoE will hold their monetary policy meetings.
EURGBP is up 0.15% at 0.8117
Next resistance levels are located at 0.8132 (Upper Bollinger) followed by 0.8147 (high Oct.24) and then 0.8160 (high Oct.23).
On the downside, a violation of 0.8087 (low Nov.30) would open the door to 0.8063 (MA10d) and then 0.8047 (MA21d).
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