EUR/GBP is still below 0.81, waiting UK data

By FXstreet.com | June 10, 2014 AAA

FXStreet (Moscow) - EUR/GBP started the day at 0.8089, slid to 0.8082 in Asia, and rebounded to 0.8090 area at the moment.



The way down



The pair has broken the support level at 0.81 on the positive comments from the BOE member McCafferty who hinted on possibility of tightening only when MPC sees additional strength from the economy. The pair continued the slide today posting 5-days low at 0.8082, showing some recovery at the moent. In this environment every piece of data out of UK may be closely scrutinized, and if released today Industrial Production readings surprise to the upside, the pair may resume the slide with initial target at 0.8063 support.



What are today’s key EUR/GBP levels?



Today's central pivot point can be found at 0.8100, with support below at 0.8077, 0.8063 and 0. 8040, with resistance above 0.8114, 0.8137, and 0.8151. Hourly Moving Averages are bearish, with the 200SMA at 0.8124 and the daily 20EMA bearish at 0.8134. Hourly RSI is bearish at 30.



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