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5 Aug 2013
EUR/GBP stabilizing
FXstreet.com (London) - EUR/GBP is supported around 0.8430/45 having moved lower in the Asian and European markets.
The pair has fallen over a big figure since Thursday and is continuing to the downside below the 0.8700 handle. Markit Services PMI in the EZ have printed positively overall although Germany has come out with 51.3 vs a consensus of 52.5. UK Markit Services PMI have ben supporting the pound which is now beginning to ease up as we move into the NA
EUR/GBP holding support
EUR/GBP, although offered, it has consolidated above the 23.6% retracement of the move up from May. 20d ma 0.8644, 50 d ma 0.8577, 200 d ma 0.8423. RSI (9) reads 57.44. The supports are ascending from 0.8622, 0.8645, 0.8654 and 0.8675. Spot is currently 0.8635 while resistances are 0.8745, 0.8770, 0.8793 and 0.8815
The pair has fallen over a big figure since Thursday and is continuing to the downside below the 0.8700 handle. Markit Services PMI in the EZ have printed positively overall although Germany has come out with 51.3 vs a consensus of 52.5. UK Markit Services PMI have ben supporting the pound which is now beginning to ease up as we move into the NA
EUR/GBP holding support
EUR/GBP, although offered, it has consolidated above the 23.6% retracement of the move up from May. 20d ma 0.8644, 50 d ma 0.8577, 200 d ma 0.8423. RSI (9) reads 57.44. The supports are ascending from 0.8622, 0.8645, 0.8654 and 0.8675. Spot is currently 0.8635 while resistances are 0.8745, 0.8770, 0.8793 and 0.8815