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EUR/GBP left 0.80 highs – but is it for good?

FXStreet (Moscow) - EUR/GBP opened the day at 0.7966, made an attempt to go higher reaching 0.7975 in Asia, before retreating to current 0.7960 area.

All what cross needs

EUR/GBP was quick to react to sudden pound strength yesterday, sliding back to the middle of the well-known range of 0.79-0.80. The nearest target to the downside may be found at 0.7925, and if broken, it may give the cross new fuel to fall to 0.7883. The only thing we need now is further demand on the pound, and given its oversold nature, the chances to see it are quite high.

What are today’s key EUR/GBP levels?

Today's central pivot point can be found at 0.7996, with support below at 0.7925, 0.7883 and 0.7812 with resistance above at 0.8038, 0.8109, and 0.8151. Hourly Moving Averages are bearish, with the 200SMA at 0.7968 and the daily 20EMA flat at 0.7969. Hourly RSI is bearish at 37.

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