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17 Sep 2013
EUR/GBP attempting 0.8400
FXstreet.com (London) - EUR/GBP is attempting 0.8400 again after dropping through handle again today.
Cable is contributing to a slightly softer pound in the cross that took the pair to 0.8410 in an extension from below 0.8380 and moves above the figure. Meanwhile, we have seen lower CPI’s and PPI’s in the UK with only a slight incline in Retail Price Indexes. For the EZ , ZEW data has come in stronger than expected.
EUR/GBP Levels
20 DMA .8491, 50 DMA .8571 and the 200 DAM .8497. RSI (14) reads 53.31. Supports are ascending from .8286, .8300, .8326, .8355, and .8385. Spot is currently .8399 while resistances are .8410 .8426 .8439 and .8465.
Cable is contributing to a slightly softer pound in the cross that took the pair to 0.8410 in an extension from below 0.8380 and moves above the figure. Meanwhile, we have seen lower CPI’s and PPI’s in the UK with only a slight incline in Retail Price Indexes. For the EZ , ZEW data has come in stronger than expected.
EUR/GBP Levels
20 DMA .8491, 50 DMA .8571 and the 200 DAM .8497. RSI (14) reads 53.31. Supports are ascending from .8286, .8300, .8326, .8355, and .8385. Spot is currently .8399 while resistances are .8410 .8426 .8439 and .8465.