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Trading news
24 Apr 2015
EUR/GBP off highs, back below 0.7200
FXStreet (Edinburgh) - A bout of buying interest around the euro briefly pushed EUR/GBP beyond the 0.7200 mark, posting fresh 4-day highs at the same time.
EUR/GBP up on Greek optimism
The Eurogroup meeting is stealing the show at the end of the week, with EU officials looking to clinch a deal with their Greek peers in order to unlock the much needed bailout funds for the Hellenic country.
in the same tone, the upside bias remains unchanged around the sterling, somehow limiting the potential upside in the European cross, which keeps meandering around the 0.7180/90 band.
EUR/GBP relevant levels
At the moment the cross is up 0.01% at 0.7191 with the next hurdle at 0.7214 (high Apr.24) followed by 0.7245 (high Apr.20) and finally 0.7261 (21-d MA). On the downside, a breach below 0.7118 (low Apr.23) would aim for 0.7102 (76.4% of 0.7015-0.7385) and then 0.7093 (low Mar.16).
EUR/GBP up on Greek optimism
The Eurogroup meeting is stealing the show at the end of the week, with EU officials looking to clinch a deal with their Greek peers in order to unlock the much needed bailout funds for the Hellenic country.
in the same tone, the upside bias remains unchanged around the sterling, somehow limiting the potential upside in the European cross, which keeps meandering around the 0.7180/90 band.
EUR/GBP relevant levels
At the moment the cross is up 0.01% at 0.7191 with the next hurdle at 0.7214 (high Apr.24) followed by 0.7245 (high Apr.20) and finally 0.7261 (21-d MA). On the downside, a breach below 0.7118 (low Apr.23) would aim for 0.7102 (76.4% of 0.7015-0.7385) and then 0.7093 (low Mar.16).