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6 Aug 2013
EUR/GBP remains quiet
FXstreet.com (London) - EUR/GBP has continued to trade in a tight range since the release of EZ and UK dta this morning.
UK data arrived in the form of Industrial Production 1.1% mom, 1.2% yoy and Manufacturing Production 1.9% mom and 2.0% yoy. Those exceeded expectations and has supported the outlook for the UK economy yet again. EZ data is thin today, although we have seen an uptick from the first print of Italian Q2 GDP, and then we will see German factory orders a little later on.
EUR/GBP remains sub pivot 0.8654
EUR/GBP is sidelined still post better than expected data all round. The 20 d ma is 0.8645, 50 d ma 0.8578 and the 200 d ma comes as 0.8426. RSI (9) reads 46.62. Supports are ascending from 0.8575, 0.8589, 0.8606, and 0.8622. Spot is currently 0.8635 while resistances are 0.8695, 0.8712, 0.8745 and 0.8770.
UK data arrived in the form of Industrial Production 1.1% mom, 1.2% yoy and Manufacturing Production 1.9% mom and 2.0% yoy. Those exceeded expectations and has supported the outlook for the UK economy yet again. EZ data is thin today, although we have seen an uptick from the first print of Italian Q2 GDP, and then we will see German factory orders a little later on.
EUR/GBP remains sub pivot 0.8654
EUR/GBP is sidelined still post better than expected data all round. The 20 d ma is 0.8645, 50 d ma 0.8578 and the 200 d ma comes as 0.8426. RSI (9) reads 46.62. Supports are ascending from 0.8575, 0.8589, 0.8606, and 0.8622. Spot is currently 0.8635 while resistances are 0.8695, 0.8712, 0.8745 and 0.8770.