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3 Apr 2015
EUR/GBP in a narrow range near 0.7340
FXStreet (Edinburgh) - EUR/GBP is trading in a tight range today, now looking to clinch session highs in the 0.7335/40 area.
EUR/GBP down from 0.7350
The European cross failed to break above the 0.7350 band despite the strong rally in the euro on Thursday, albeit it still remains in the upper end of the weekly range. The recent better tone around the single currency allowed the cross to rebound from the boundaries of 0.7210, helped at the same time by a steady-to-bearish performance by the sterling.
Nothing of note in the data space, although US Payrolls will bring in the fireworks in an otherwise flat trading on Good Friday.
EUR/GBP important levels
As of writing the cross is flat at 0.7334 with the next resistance at 0.7385 (high Mar.25) ahead of 0.7400 (psychological level) and then 0.7404 (high Feb.23). On the other hand, the immediate support lines up at 0.7233 (21-d MA) ahead of 0.7223 (low Mar.31) and finally 0.7200 (psychological level).
EUR/GBP down from 0.7350
The European cross failed to break above the 0.7350 band despite the strong rally in the euro on Thursday, albeit it still remains in the upper end of the weekly range. The recent better tone around the single currency allowed the cross to rebound from the boundaries of 0.7210, helped at the same time by a steady-to-bearish performance by the sterling.
Nothing of note in the data space, although US Payrolls will bring in the fireworks in an otherwise flat trading on Good Friday.
EUR/GBP important levels
As of writing the cross is flat at 0.7334 with the next resistance at 0.7385 (high Mar.25) ahead of 0.7400 (psychological level) and then 0.7404 (high Feb.23). On the other hand, the immediate support lines up at 0.7233 (21-d MA) ahead of 0.7223 (low Mar.31) and finally 0.7200 (psychological level).