Forex: EUR/GBP upside stalled at November highs
Forex pairs in this Article »
EUR/GBP
FXstreet.com (Barcelona) - The EURGBP has been trying to extend its upside, but hasn't been able to overcome its November highs around 0.8115 despite the several attempts made this week. Today, history is repeating itself, but there is still plenty of trading day ahead.
ECB's Draghi spoke in early European hours, expecting EZ recovery in H2 2013 and defended that the unified supervision must apply to all banks to avoid banking sector fragmentation. The German Parliament will vote on the Greek deal today and the market is eyeing the event.
The preliminary release of the Spanish Harmonized Index of Consumer Prices eased from 3.5% to 3.0% in November, below the 3.4% consensus. The Swiss KOF Leading Indicator softened from 1.64 to 1.5 (consensus of 1.6) in November.
"EURGBP has again re-challenged resistance at 0.8109/.8114, the September high. We remain unable to rule out another run up to the 0.8157/65 key resistances (June high, the October high and the 0.8164 55 week ma), however this now seems less likely", wrote Commerzbank analyst Karen Jones.
ECB's Draghi spoke in early European hours, expecting EZ recovery in H2 2013 and defended that the unified supervision must apply to all banks to avoid banking sector fragmentation. The German Parliament will vote on the Greek deal today and the market is eyeing the event.
The preliminary release of the Spanish Harmonized Index of Consumer Prices eased from 3.5% to 3.0% in November, below the 3.4% consensus. The Swiss KOF Leading Indicator softened from 1.64 to 1.5 (consensus of 1.6) in November.
"EURGBP has again re-challenged resistance at 0.8109/.8114, the September high. We remain unable to rule out another run up to the 0.8157/65 key resistances (June high, the October high and the 0.8164 55 week ma), however this now seems less likely", wrote Commerzbank analyst Karen Jones.
Free Annual Reports
