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6 Jan 2015
EUR/GBP climbs to daily highs after UK services PMI
FXStreet (Córdoba) - EUR/GBP pushed a tad higher and reached a fresh daily peak in the aftermath of mixed European PMIs.
While Spanish, French and German services PMIs came in above expectations, Italy and the Eurozone as a whole disappointed. Meanwhile, UK services data showed the sector expanded at a slower pace in December, with the index falling to a 19-month low of 55.8 vs 58.5 expected.
EUR/GBP climbed to a fresh daily high of 0.7848 on Sterling weakness as GBP/USD dropped back below 1.5200 to 17-month lows. At time of writing, EUR/GBP is trading at 0.7840, recording a 0.22% gain on the day.
EUR/GBP technical levels
In terms of technical levels, the pair could face immediate resistances at 0.7850 (Jan 5 high) and 0.7867 (Dec 23 2014 high). On the other hand, supports are seen at 0.7819 (daily low), 0.7800 (psychological level/Jan 5 low) and 0.7744 (Jan 2 low).
While Spanish, French and German services PMIs came in above expectations, Italy and the Eurozone as a whole disappointed. Meanwhile, UK services data showed the sector expanded at a slower pace in December, with the index falling to a 19-month low of 55.8 vs 58.5 expected.
EUR/GBP climbed to a fresh daily high of 0.7848 on Sterling weakness as GBP/USD dropped back below 1.5200 to 17-month lows. At time of writing, EUR/GBP is trading at 0.7840, recording a 0.22% gain on the day.
EUR/GBP technical levels
In terms of technical levels, the pair could face immediate resistances at 0.7850 (Jan 5 high) and 0.7867 (Dec 23 2014 high). On the other hand, supports are seen at 0.7819 (daily low), 0.7800 (psychological level/Jan 5 low) and 0.7744 (Jan 2 low).