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28 May 2015
EUR/GBP: Still below 0.7170 and key resistance
FXStreet (Guatemala) - EUR/GBP is currently trading at 0.7113 with a high of 0.7152 and a low of 0.7097.
EUR/GBP keeps on the bid today looking for a strong and convincing close on the week as we head towards tomorrows close. The pair has rallied from two and a half month lows although domestic economic and political issues in the EZ should keep a lid on the euro, with such comments today form the IMF who said Greece is sighted as being "far apart form creditors". However, the additional demand in the pound today came on the back of disappointments in Gross Domestic Product (QoQ) (Q1) printing 0.3% vs 0.4% expected.
Meanwhile and technically EUR/GBP will remain directly offered while rallies remain below the 0.7170 accelerated downtrend and will make no impact on the chart while below the 0.7282 15th March high, as suggested by Karen Jones at Commerzbank this week.
EUR/GBP keeps on the bid today looking for a strong and convincing close on the week as we head towards tomorrows close. The pair has rallied from two and a half month lows although domestic economic and political issues in the EZ should keep a lid on the euro, with such comments today form the IMF who said Greece is sighted as being "far apart form creditors". However, the additional demand in the pound today came on the back of disappointments in Gross Domestic Product (QoQ) (Q1) printing 0.3% vs 0.4% expected.
Meanwhile and technically EUR/GBP will remain directly offered while rallies remain below the 0.7170 accelerated downtrend and will make no impact on the chart while below the 0.7282 15th March high, as suggested by Karen Jones at Commerzbank this week.