EUR/GBP is hovering just above 0.7920

By FXstreet.com | July 21, 2014 AAA

FXStreet (Moscow) - EUR/GBP opened the day at 0.7915, reached 0.7923, and is still somewhere around at the moment.



0.79 – area of location



The pair is still walking somewhere around 0.79, and Monday has nothing special to change the area of location. However, the pound has some chances to strengthen this week if MPC minutes show some signs of more aggressiveness from the BOE. In this case the strong support at 0.79 may be broken with the next target at 0.7887 support level.



What are today’s key EUR/GBP levels?



Today's central pivot point can be found at 0.7918, with support below at 0.7901 0.7887 and 0.7870 with resistance above at 0.7932, 0.7949, and 0.7963. Hourly Moving Averages are largely bullish, with the 200SMA at 0.7934 and the daily 20EMA bearish at 0.7957. Hourly RSI is bullish at 56.



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