Back
28 Nov 2013
EUR/GBP bulls praying for 0.8315 support to hold up
FXstreet.com (Barcelona) - The EUR/GBP has been falling recently on EUR-bearish data and an accomodative ECB combined with a trend of GBP-bullish data and a relatively hawkish Bank of England.
EUR/GBP traders have plenty of data to digest from Britain and the EU
EUR/GBP traders will be reacting to news out of both Britain and the EU Thursday including: German Unemployment; EuroZone Consumer Confidence; EuroZone Sentiment indicators; the British Financial Stability Report; and, German Inflation Data.
Technical outlook for EUR/GBP
Technicians say the EUR/GBP cross is either in a corrective wave lower with a target of 0.83157 or a new primary wave lower with 0.8283 as the downside target. Short-term upside resistance should come in at Tuesday’s intraday high of 0.8389 and is backed up by the 11/20 peak at 0.8414.
EUR/GBP traders have plenty of data to digest from Britain and the EU
EUR/GBP traders will be reacting to news out of both Britain and the EU Thursday including: German Unemployment; EuroZone Consumer Confidence; EuroZone Sentiment indicators; the British Financial Stability Report; and, German Inflation Data.
Technical outlook for EUR/GBP
Technicians say the EUR/GBP cross is either in a corrective wave lower with a target of 0.83157 or a new primary wave lower with 0.8283 as the downside target. Short-term upside resistance should come in at Tuesday’s intraday high of 0.8389 and is backed up by the 11/20 peak at 0.8414.