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17 Dec 2013
EUR/GBP declines ahead of UK CPI
FXstreet.com (Barcelona) - EUR/GBP ranged overnight, declining at the open to post a low at 0.8435, before gradually drifting higher overnight, before pushing lower in the build up to this mornings UK data.
EUR/GBP posts pulled lower by strengthening GBP
GBP is strengthening in the build up to today’s UK CPI data at 09:30 GMT, which is expected to register at 2.2% MoM. Other data this morning includes PPI and RPI and EUR/GBP has pushed lower to post a fresh daily low at 0.8432 where the hourly 50 SMA lies and is providing near term support. Later this morning EZ CPI follows alongside EZ and German ZEW surveys at 10:00 GMT. Elsewhere, French Finance Minister Moscovici stated that he expects the EU to reach a banking union deal by Thursday.
What are today’s key EUR/GBP levels?
Today’s central pivot point can be found at 0.8437, with resistance above at 0.8460 (R1), 0.8478 (R2) and 0.8501 (R3) and support below at 0.8419 (S1), 0.8396 (S2) and 0.8378 (S3). The range between 0.8437-71 can offer resistance with several key technical levels clustered. The hourly 200 SMA sits at 0.8389 and sloping higher,while the daily 20 EMA falls at 0.8381 and is bullish too.
EUR/GBP posts pulled lower by strengthening GBP
GBP is strengthening in the build up to today’s UK CPI data at 09:30 GMT, which is expected to register at 2.2% MoM. Other data this morning includes PPI and RPI and EUR/GBP has pushed lower to post a fresh daily low at 0.8432 where the hourly 50 SMA lies and is providing near term support. Later this morning EZ CPI follows alongside EZ and German ZEW surveys at 10:00 GMT. Elsewhere, French Finance Minister Moscovici stated that he expects the EU to reach a banking union deal by Thursday.
What are today’s key EUR/GBP levels?
Today’s central pivot point can be found at 0.8437, with resistance above at 0.8460 (R1), 0.8478 (R2) and 0.8501 (R3) and support below at 0.8419 (S1), 0.8396 (S2) and 0.8378 (S3). The range between 0.8437-71 can offer resistance with several key technical levels clustered. The hourly 200 SMA sits at 0.8389 and sloping higher,while the daily 20 EMA falls at 0.8381 and is bullish too.