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31 Mar 2014
EUR/GBP trading back below pivot
FXStreet (Guatemala) - EUR/GBP has lost the gains made on the European session and is currently, trading at 0.8260, down -0.05% on the day, having posted a daily high at 0.8299 and low at 0.8251.
EUR/GBP moved towards 0.83 handle
EUR/GBP moved up to test resistance and reached a high just shy of the handle. The Euro got a short lived lift this morning in European markets as retail sales from Germany impressed at 2.0% and 1.3%, and were far better looking against the expectations of 0.8% and -0.5% year on year and month on month for February and respectively
EUR/GBP bias to remain?
EUR/GBP has sold off to the 61.8% retracement at 0.8250 and is seeing a small rebound off here. We note the 13 counts on the 60 and 240 minute chart and the TD supports at 0.8260/45 and suspect that we will see near term consolidation/ a small rebound. Rallies are indicated to remain capped by 0.8305 for an immediate downside bias to remain. We note the loss of downside momentum on intraday charts but beyond a small rebound, we would anticipate a choppy move lower. Below 0.8245/40 will target 0.8210 en route to major support at 0.8160/59.
EUR/GBP Levels
Spot is presently trading at 0.8261, and next resistance can be seen at 0.8262 (Daily Open), 0.8265 (Daily Classic PP), 0.8265 (Weekly Low), 0.8272 (Hourly 20 EMA) and 0.8284 (Yesterday's High). Next support to the downside can be found at 0.8251 (Daily Low), 0.8246 (Yesterday's Low), 0.8245 (Daily Classic S1), 0.8226 (Daily ClassicS2) and 0.8213 (Monthly Low).
EUR/GBP moved towards 0.83 handle
EUR/GBP moved up to test resistance and reached a high just shy of the handle. The Euro got a short lived lift this morning in European markets as retail sales from Germany impressed at 2.0% and 1.3%, and were far better looking against the expectations of 0.8% and -0.5% year on year and month on month for February and respectively
EUR/GBP bias to remain?
EUR/GBP has sold off to the 61.8% retracement at 0.8250 and is seeing a small rebound off here. We note the 13 counts on the 60 and 240 minute chart and the TD supports at 0.8260/45 and suspect that we will see near term consolidation/ a small rebound. Rallies are indicated to remain capped by 0.8305 for an immediate downside bias to remain. We note the loss of downside momentum on intraday charts but beyond a small rebound, we would anticipate a choppy move lower. Below 0.8245/40 will target 0.8210 en route to major support at 0.8160/59.
EUR/GBP Levels
Spot is presently trading at 0.8261, and next resistance can be seen at 0.8262 (Daily Open), 0.8265 (Daily Classic PP), 0.8265 (Weekly Low), 0.8272 (Hourly 20 EMA) and 0.8284 (Yesterday's High). Next support to the downside can be found at 0.8251 (Daily Low), 0.8246 (Yesterday's Low), 0.8245 (Daily Classic S1), 0.8226 (Daily ClassicS2) and 0.8213 (Monthly Low).