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2 Mar 2015
EUR/GBP struggles around 0.73
FXStreet (Mumbai) - The EUR/GBP pair is trading closer to 0.73 levels as the falling Gilt yields in the UK continue to weigh over the British Pound.
EUR/GBP: struggles to sustain above hourly 100-MA
The pair is struggling to sustain gains above the hourly 100-MA located at 0.7294 levels. An attempt at 0.73 was rejected, post which the pair fell below 0.7294 levels. However, the pair is well in the positive territory; up 0.61% at 0.7292 levels.
An upbeat US ISM manufacturing figure could help the pair extend gains. Moreover, the Pound, due to weakness in the Gilt yields, could fall more on an upbeat US data.
EUR/GBP Technical Levels
The immediate support is seen at 0.7286, under which losses could be extended to 0.7274 levels. On the flip side, resistance is seen at 0.73 and 0.7331 (hourly 200-MA) levels.
EUR/GBP: struggles to sustain above hourly 100-MA
The pair is struggling to sustain gains above the hourly 100-MA located at 0.7294 levels. An attempt at 0.73 was rejected, post which the pair fell below 0.7294 levels. However, the pair is well in the positive territory; up 0.61% at 0.7292 levels.
An upbeat US ISM manufacturing figure could help the pair extend gains. Moreover, the Pound, due to weakness in the Gilt yields, could fall more on an upbeat US data.
EUR/GBP Technical Levels
The immediate support is seen at 0.7286, under which losses could be extended to 0.7274 levels. On the flip side, resistance is seen at 0.73 and 0.7331 (hourly 200-MA) levels.