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28 Aug 2013
EUR/GBP capped below 0.8620 ahead of BoE Carney's speech
FXstreet.com (Barcelona) - The EUR/GBP foreign exchange cross rate is last trading at near session highs 0.8619 ahead of few minor EU data along the European morning, followed by key BoE Carney's speech at 11:45 GMT, up +0.31% for the week so far.
EUR/GBP all eyes on BoE Carney's speech
“In the meantime GBP is being left behind as the sell recommendations start to increase ahead of BoE Governor Carney's speech,” said the FXMarketAlerts Team, adding: “0.8622 is the next resistance level for EUR/GBP, while it's not so long ago that 0.8630 was an almost irresistible pivot point.” The EUR/GBP cross has recovered in 3 clear steps higher from previous lows around the 0.85 handle, on the back of a resilient Euro and a weaker Pound.
EUR/GBP key technical levels
Immediate support to the downside for EUR/GBP lies at recent session lows 0.8609, followed by Monday's/Friday's highs at 0.8604, and August 14 highs at 0.8599. To the upside, closest resistance shows at yesterday's highs 0.8624, followed by August 05 lows at 0.8627, and July 19 highs at 0.8630.
EUR/GBP all eyes on BoE Carney's speech
“In the meantime GBP is being left behind as the sell recommendations start to increase ahead of BoE Governor Carney's speech,” said the FXMarketAlerts Team, adding: “0.8622 is the next resistance level for EUR/GBP, while it's not so long ago that 0.8630 was an almost irresistible pivot point.” The EUR/GBP cross has recovered in 3 clear steps higher from previous lows around the 0.85 handle, on the back of a resilient Euro and a weaker Pound.
EUR/GBP key technical levels
Immediate support to the downside for EUR/GBP lies at recent session lows 0.8609, followed by Monday's/Friday's highs at 0.8604, and August 14 highs at 0.8599. To the upside, closest resistance shows at yesterday's highs 0.8624, followed by August 05 lows at 0.8627, and July 19 highs at 0.8630.