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19 Feb 2014
EUR/GBP dived back to 0.8220 on expectations
FXStreet (Moscow) - EUR/GBP already reversed the move sliding down to 0.8220 area on expectations of better than expected UK data.
EUR/GBP will get food for thoughts
The pair reached almost 2-week high at 0.8253 in the morning, but lost the momentum sliding back to 0.8222 low by the moment. EUR/GBP can get some interesting developments today due to scheduled for release UK labor data and MPC minutes. There are chances that the employment rate will continue to rise supporting the further recovery within the British economy. If both employment and average earnings surprise to the upside, the pair may reverse the move with initial target at 0.8208 support level.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8230 with support below at 0.8208, 0.8167 and 0.8145, with resistance above at 0.8271, 0.8293, and 0.8334. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8251 and the daily 20EMA bearish at 0.8255. Hourly RSI is neutral at 64.
EUR/GBP will get food for thoughts
The pair reached almost 2-week high at 0.8253 in the morning, but lost the momentum sliding back to 0.8222 low by the moment. EUR/GBP can get some interesting developments today due to scheduled for release UK labor data and MPC minutes. There are chances that the employment rate will continue to rise supporting the further recovery within the British economy. If both employment and average earnings surprise to the upside, the pair may reverse the move with initial target at 0.8208 support level.
What are today’s key EUR/GBP levels?
Today's central pivot point can be found at 0.8230 with support below at 0.8208, 0.8167 and 0.8145, with resistance above at 0.8271, 0.8293, and 0.8334. Hourly Moving Averages are largely bullish, with the 200SMA at 0.8251 and the daily 20EMA bearish at 0.8255. Hourly RSI is neutral at 64.