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Sep 26, 2014
EUR/GBP doesn’t want to leave 0.78 area
FXStreet (Moscow) - EUR/GBP opened the day at 0.7812, made attempt to move above 0.7820 in early Europe, but failed, and retreated to current 0.7810 area.
Comments divergence
The cross is still above 0.78 support, but may take the first opportunity to move further below this area. Empty economic calendar complicates the task, however, the recent divergence in the comments of the ECB’s Draghi, and the BOE’s Carney is another argument in favor of further move lower, and the break below may happen soon. If the mentioned support is broken, it may open the way to 0.7789.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.7810 with support below at 0.7789, 0.7764 and 0.7743, with resistance above at 0.7835, 0.7856, and 0.7881. Hourly Moving Averages are mixed, with the 200SMA at 0.7876 and the daily 20EMA bearish at 0.7908. Hourly RSI is bearish at 25.
Comments divergence
The cross is still above 0.78 support, but may take the first opportunity to move further below this area. Empty economic calendar complicates the task, however, the recent divergence in the comments of the ECB’s Draghi, and the BOE’s Carney is another argument in favor of further move lower, and the break below may happen soon. If the mentioned support is broken, it may open the way to 0.7789.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.7810 with support below at 0.7789, 0.7764 and 0.7743, with resistance above at 0.7835, 0.7856, and 0.7881. Hourly Moving Averages are mixed, with the 200SMA at 0.7876 and the daily 20EMA bearish at 0.7908. Hourly RSI is bearish at 25.