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15 Apr 2015
EUR/GBP spikes on weakness in the greenabck
FXStreet (Guatemala) - EUR/GBP is currently trading at 0.7208 and has recorded a high of 0.7217 and a low of 0.7166.
EUR/GBP rallied on the last 30 minute sticks ad gained a score on the 0.72 handle with a broad based demand for the euro in the aftermath of the Q&E session where Draghi sounded moderately optimistic as risks, albeit still to the downside, have become more balanced, as noted by analysts at Rabobank. Moreover, the greenback is sliding again and the euro has taken a big advantage of that, as markets continue to doubt that June can be the date that the Fed acts given the number of disappointments of late in the US economy.
Technically, we remains in a bearish trend and Karen Jones, chief analyst at Commerbank explained that the market needs to regain resistance offered by the March peak at 0.7385 and the 0.7408 January to further alleviate downside pressure. "Only if a rise and daily chart close above the 0.7408 January low were to be made, would we have to allow for further upside towards the 0.7500 region to be seen."
EUR/GBP rallied on the last 30 minute sticks ad gained a score on the 0.72 handle with a broad based demand for the euro in the aftermath of the Q&E session where Draghi sounded moderately optimistic as risks, albeit still to the downside, have become more balanced, as noted by analysts at Rabobank. Moreover, the greenback is sliding again and the euro has taken a big advantage of that, as markets continue to doubt that June can be the date that the Fed acts given the number of disappointments of late in the US economy.
Technically, we remains in a bearish trend and Karen Jones, chief analyst at Commerbank explained that the market needs to regain resistance offered by the March peak at 0.7385 and the 0.7408 January to further alleviate downside pressure. "Only if a rise and daily chart close above the 0.7408 January low were to be made, would we have to allow for further upside towards the 0.7500 region to be seen."