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EUR/GBP hanging around 0.80 again

FXStreet (Moscow) - EUR/GBP gapped higher at the open starting at 0.8008. It retreated to 0.7980 in Asia, and came back to current 0.80 in Europe.

Range-bound mode

EUR/GBP made a feeble attempt to recover above 0.7950 area on Friday, but the lack of economic catalysts, and, what’s more important, of euro fans threw the cross back to 0.7930 area. However, the weekend news on Scotland Independence vote poll pressured the pound again, as there were more people ready to vote for leaving the UK. Now the sterling needs to get something really positive for the cross to go back to 0.79 area. The only catalyst worth watching this week is the BOE’s Mark Carney speech scheduled on Tuesday.

What are today’s key EUR/GBP levels?

Today's central pivot point can be found at 0.7937, with support below at 0.7917, 0.7900 and 0.7880 with resistance above at 0.7954, 0.7974, and 0.7991. Hourly Moving Averages are bullish, with the 200SMA at 0.7948 and the daily 20EMA flat at 0.7958. Hourly RSI is bullish at 74.

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