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.



comments powered by Disqus
Related Forex Analysis
  1. NZD/USD Rebounds After Piercing Line Pattern Offered Bullish Signal
    Forex News

    NZD/USD Rebounds After Piercing Line Pattern Offered Bullish Signal

  2. GBP/USD Recovery May Lack Fuel Amid Void Of Reversal Signals
    Forex News

    GBP/USD Recovery May Lack Fuel Amid Void Of Reversal Signals

  3. EUR/USD Descent Stalls As A Doji Candlestick Highlights Hesitation
    Forex News

    EUR/USD Descent Stalls As A Doji Candlestick Highlights Hesitation

  4. USD/JPY recovered from Asian lows at 108.55, but still under pressure
    Forex News

    USD/JPY recovered from Asian lows at 108.55, but still under pressure

  5. AUD/USD Rebounds After Dragonfly Doji Denoted Indecision At 2014 Low
    Forex News

    AUD/USD Rebounds After Dragonfly Doji Denoted Indecision At 2014 Low

Trading Center