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21 Apr 2014
EUR/GBP hesitates around 0.8220
FXStreet (Moscow) - EUR/GBP opened Monday at 0.8223, and ticked lower to 0.8218 by the moment.
Another week of arm-wrestling
Another week of arm-wrestling between the two Europeans is in store, and obviously the cable has more reasons to rise than the euro. The pair made another attempt to break below 0.8220 support level on Friday, and the move below may succeed this week, if scheduled for release fundamentals will confirm the strong UK recovery on the back of unstable stance of the euro zone. If so, the initial target to the downside is at 0.8209 support level followed by 0.8198.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8229 with support below at 0.8218, 0.8209 and 0.8198, with resistance above at 0.8238, 0.8249, and 0.8258. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8251 and the daily 20EMA bearish at 0.8268. Hourly RSI is bearish at 42.
Another week of arm-wrestling
Another week of arm-wrestling between the two Europeans is in store, and obviously the cable has more reasons to rise than the euro. The pair made another attempt to break below 0.8220 support level on Friday, and the move below may succeed this week, if scheduled for release fundamentals will confirm the strong UK recovery on the back of unstable stance of the euro zone. If so, the initial target to the downside is at 0.8209 support level followed by 0.8198.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8229 with support below at 0.8218, 0.8209 and 0.8198, with resistance above at 0.8238, 0.8249, and 0.8258. Hourly Moving Averages are largely bearish, with the 200SMA at 0.8251 and the daily 20EMA bearish at 0.8268. Hourly RSI is bearish at 42.