8 Aug 2013
EUR/GBP resting 0.8610
FXstreet.com (Barcelona) - EUR/GBP is sidelined and moving sideways and seems as though its suffering from roller coaster sickness and is taking a breather.
EUR/GBP was roller-coaster ride yesterday due to the Carneys Inflation Report. EUR/GBP initially found a high of 0.8733 and then offset with lows of 0.8578. Since the press conference, markets have been digesting the report and the pair has been consolidating and holding steadily above the 0.8600 handle. The pair has done little more than keep its head low and has been dragging its coat tails all day within a 20 pip range but mostly stagnant.
EUR/GBP sidelined
EUR/GBP is sidelined sitting on the 0.8600 handle. The 20 dma is 0.8646, 50 dma comes as 0.8583 and the 200 dma prints 0.8435. RSI (9) reads 43.96. Supports are ascending from 0.8464, 0.8512, 0.8550, 0.8575, 0.8600. Spot is currently 0.8609 while resistances are coming in at 0.8730, 0.8745, 0.8770 and 0.8815.
EUR/GBP was roller-coaster ride yesterday due to the Carneys Inflation Report. EUR/GBP initially found a high of 0.8733 and then offset with lows of 0.8578. Since the press conference, markets have been digesting the report and the pair has been consolidating and holding steadily above the 0.8600 handle. The pair has done little more than keep its head low and has been dragging its coat tails all day within a 20 pip range but mostly stagnant.
EUR/GBP sidelined
EUR/GBP is sidelined sitting on the 0.8600 handle. The 20 dma is 0.8646, 50 dma comes as 0.8583 and the 200 dma prints 0.8435. RSI (9) reads 43.96. Supports are ascending from 0.8464, 0.8512, 0.8550, 0.8575, 0.8600. Spot is currently 0.8609 while resistances are coming in at 0.8730, 0.8745, 0.8770 and 0.8815.