交易新闻
27 Apr 2015
EUR/GBP up around 0.7160
FXStreet (Edinburgh) - EUR/GBP is posting meager gains on Monday, trading slightly above the 0.7160 area before the opening bell in Euroland.
EUR/GBP capped at 0.7200
The area near the 0.7200 barrier keeps limiting the occasional gains, while the cross maintain a narrow range following the consolidative pattern in both the sterling and the common currency.
On the technical space, Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted “The market faces tough resistance starting with the cloud base at .7191 and the downtrend and 55 day ma at .7251/73. While capped here a negative bias will persist and we would allow for a retest of the .7015 March low and .7000 psychological support”.
EUR/GBP relevant levels
As of writing the cross is up 0.10% at 0.7164 with the immediate up-barrier at 0.7200 (10-d MA) followed by 0.7206 (high Apr.22) and finally 0.7210 (high Apr.21). On the flip side, a drop below 0.7118 (low Apr.23) would aim for 0.7102 (76.4% of 0.7015-0.7385) and then 0.7093 (low Mar.16).
EUR/GBP capped at 0.7200
The area near the 0.7200 barrier keeps limiting the occasional gains, while the cross maintain a narrow range following the consolidative pattern in both the sterling and the common currency.
On the technical space, Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted “The market faces tough resistance starting with the cloud base at .7191 and the downtrend and 55 day ma at .7251/73. While capped here a negative bias will persist and we would allow for a retest of the .7015 March low and .7000 psychological support”.
EUR/GBP relevant levels
As of writing the cross is up 0.10% at 0.7164 with the immediate up-barrier at 0.7200 (10-d MA) followed by 0.7206 (high Apr.22) and finally 0.7210 (high Apr.21). On the flip side, a drop below 0.7118 (low Apr.23) would aim for 0.7102 (76.4% of 0.7015-0.7385) and then 0.7093 (low Mar.16).