交易新闻
21 Apr 2015
EUR/GBP extends below 0.7200
FXStreet (Edinburgh) - The softness in both the pound and the single currency are dragging EUR/GBP to fresh lows around 0.7190/80 on Tuesday.
EUR/GBP weaker on Greece
The risk-off sentiment continues to grow bigger at the beginning of the week, pushing the European cross to shouting distance from last week’s lows in the 0.7160 area.
While the uncertainty regarding Greece keeps hovering amongst traders, the ZEW Survey in Germany and the euro area plus the BoE minutes from its last meeting will be the main highlights in the upcoming sessions, although the prevailing offered tone could eclipse their influence on the markets.
EUR/GBP relevant levels
At the moment the cross is retreating 0.23% at 0.7186 and a break below 0.7156 (61.8% of 0.7015-0.7385) would expose 0.7154 (low Mar.19) and then 0.7100 (psychological level). On the flip side, the initial hurdle aligns at 0.7270 (high Apr.10) followed by 0.7279 (21-d MA) and finally 0.7281 (10-d MA).
EUR/GBP weaker on Greece
The risk-off sentiment continues to grow bigger at the beginning of the week, pushing the European cross to shouting distance from last week’s lows in the 0.7160 area.
While the uncertainty regarding Greece keeps hovering amongst traders, the ZEW Survey in Germany and the euro area plus the BoE minutes from its last meeting will be the main highlights in the upcoming sessions, although the prevailing offered tone could eclipse their influence on the markets.
EUR/GBP relevant levels
At the moment the cross is retreating 0.23% at 0.7186 and a break below 0.7156 (61.8% of 0.7015-0.7385) would expose 0.7154 (low Mar.19) and then 0.7100 (psychological level). On the flip side, the initial hurdle aligns at 0.7270 (high Apr.10) followed by 0.7279 (21-d MA) and finally 0.7281 (10-d MA).