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17 Feb 2014
EUR/GBP is torn between strong EUR and super strong GBP
FXStreet (Moscow) - EUR/GBP resumed the sell-off reaching June, 2013 lows at 0.8157 early in the morning, and rebounding to 0.8165 by the moment.
EUR/GBP - a strong rebound coming soon?
The pair again reached the bottom around the levels not seeing from June, 2013, and if it is not able to break below in the nearest future, this may be the signal of a stronger rebound coming soon. Nevertheless, the positive fundamental environment of the pound is a strong argument for going lower. The downside is limited by 0.8109 support level, whereas 0.8195 resistance level lies to the upside.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8195 with support below at 0.8161, 0.8143 and 0.8109, with resistance above at 0.8213, 0.8247, and 0.8265. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8270 and the daily 20EMA bearish at 0.8261. Hourly RSI is neutral at 30.
EUR/GBP - a strong rebound coming soon?
The pair again reached the bottom around the levels not seeing from June, 2013, and if it is not able to break below in the nearest future, this may be the signal of a stronger rebound coming soon. Nevertheless, the positive fundamental environment of the pound is a strong argument for going lower. The downside is limited by 0.8109 support level, whereas 0.8195 resistance level lies to the upside.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8195 with support below at 0.8161, 0.8143 and 0.8109, with resistance above at 0.8213, 0.8247, and 0.8265. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8270 and the daily 20EMA bearish at 0.8261. Hourly RSI is neutral at 30.