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13 Aug 2013
EUR/GBP eyes the 50 DMA
FXstreet.com (Barcelona) - EUR/GBP has taken a dive into the waters of the 0.8500 handle again.
EUR/GBP is printing a low of 0.8592 within the opening hourly stick of the London session, coming down from 0.8613 the high. German CPI came out in line with expectations at 0.5% mom and and 1.9% yoy. The pair has been looking heavy since Carney’s comments last week and eyes are on the BoE minutes this week. First up we have UK CPI due this morning for July.
EUR/GBP looks heavy
EUR/GBP is eyeing the 50 dma again at 0.8586 and a break here would open up the July 10 low at 0.8576, signalling that the top side could be done for now en route for the four month support line being targeted at 0.8530 region. The 20 dma is 0.8637, 50 dma is 0.8586, and the 200 dma is 0.8444. RSI (9) reads. 42.13. Supports are ascending from 0.8512, 0.8550, 0.8572. Spot is currently at the time of writing 0.8594 while resistances are 0.8609, 0.8623, 0.8660, 0.8679 and 0.8730
EUR/GBP is printing a low of 0.8592 within the opening hourly stick of the London session, coming down from 0.8613 the high. German CPI came out in line with expectations at 0.5% mom and and 1.9% yoy. The pair has been looking heavy since Carney’s comments last week and eyes are on the BoE minutes this week. First up we have UK CPI due this morning for July.
EUR/GBP looks heavy
EUR/GBP is eyeing the 50 dma again at 0.8586 and a break here would open up the July 10 low at 0.8576, signalling that the top side could be done for now en route for the four month support line being targeted at 0.8530 region. The 20 dma is 0.8637, 50 dma is 0.8586, and the 200 dma is 0.8444. RSI (9) reads. 42.13. Supports are ascending from 0.8512, 0.8550, 0.8572. Spot is currently at the time of writing 0.8594 while resistances are 0.8609, 0.8623, 0.8660, 0.8679 and 0.8730