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EUR/GBP climbs up with 0.79 as a next stop

FXStreet (Moscow) - EUR/GBP opened the day at 0.7858, and kept moving higher with tiny steps, reaching current 0.7877 level.

The cross made three attempts to go above 0.79 area last week, and the Friday’s sharp reversal may mean the pair lost any hope for the breakout, and may continue the slide during the week ahead. Lack of economic data on Monday may leave the cross motionless. However, there will be more food for thoughts in the nearest days with some important EMU and UK reports on the calendar. New portion of weak euro zone data may help the pair come closer to 0.78 support area.

What are today’s key EUR/GBP levels?

Today's central pivot point can be found at 0.7867 with support below at 0.7837, followed by 0.7821 and 0.7791, with resistance above at 0.7883, followed by 0.7913, and 0.7929. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.7847 and the daily 20EMA flat at 0.7868. Hourly RSI is bearish at 46.

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