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13 Aug 2013
EUR/GBP sub 0.8600
FXstreet.com (Barcelona) - EUR/GBP is remaining sub 0.8600 after the CPI data released for the UK.
German CPI came out in line with expectations at 0.5% mom and and 1.9% yoy. Now, UK CPI also reads in line with expectations mom 2.8% but was slightly lower yoy at 2.0%. eyes are on the BoE minutes for tomorrow. 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.
EUR/GBP targeting lower
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
German CPI came out in line with expectations at 0.5% mom and and 1.9% yoy. Now, UK CPI also reads in line with expectations mom 2.8% but was slightly lower yoy at 2.0%. eyes are on the BoE minutes for tomorrow. 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.
EUR/GBP targeting lower
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