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Forex: EUR/GBP a non event

FXstreet.com (London) - Forex: EUR/GBP a non event

The cross is expected to remain on the side-lines while the dollar has taken centre stage.

If the dollar starts to strengthen again, then cable is usually a faster pair than the EUR/USD so traders may be more prone to go long the EUR/GBP cross if activity and a favouritism returns to the market. The Euro is currently trading within a 20 pip range in the European session ahead of retails sales in the US coming up soon at 13.30 BST. The resistance levels in a bullish favouritism for the pair are seen at 0.8468, 0.8482 and the psychological level and figure 0.8500 with downside below this pivot point of 8450 support is at 0.8436, 80.418 and 0.8404.

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