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20 Feb 2014
EUR/GBP took a short pause before new rally
FXStreet (Moscow) - EUR/GBP took another round of climbing up in the moment meeting some resistance around 0.8250 area, and taking a pause for now.
Euro or pound – that is the question
The pair is on its way higher rebounding from 0.8221 low overnight, and reaching 0.8250 high at the moment. Today we will get the answer to the question, who is stronger in this pair – the euro or the pound? The chances to see the rally are quite high, given the process of recovery seen in the core and periphery economies of the EMU recently. If the PMI numbers are better than expected, wait for the break of 0.8255 followed by 0.8280 resistance level.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8238 with support below at 0.8213, 0.8196 and 0.8171, with resistance above at 0.8255, 0.8280, and 0.8297. Hourly Moving Averages are largely bullish, with the 200SMA flat at 0.8242 and the daily 20EMA bearish at 0.8255. Hourly RSI is neutral at 61.
Euro or pound – that is the question
The pair is on its way higher rebounding from 0.8221 low overnight, and reaching 0.8250 high at the moment. Today we will get the answer to the question, who is stronger in this pair – the euro or the pound? The chances to see the rally are quite high, given the process of recovery seen in the core and periphery economies of the EMU recently. If the PMI numbers are better than expected, wait for the break of 0.8255 followed by 0.8280 resistance level.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8238 with support below at 0.8213, 0.8196 and 0.8171, with resistance above at 0.8255, 0.8280, and 0.8297. Hourly Moving Averages are largely bullish, with the 200SMA flat at 0.8242 and the daily 20EMA bearish at 0.8255. Hourly RSI is neutral at 61.