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1 Apr 2015
EUR/GBP in highs around 0.7260
FXStreet (Edinburgh) - The upbeat momentum in the single currency is lifting EUR/GBP to test session tops in the 0.7260/65 band on Wednesday.
EUR/GBP focus on Greece, data
After finding some decent support near 0.7220 on Tuesday, the cross sparked the current recovery along with a better sentiment in the risk-on space, managing to clinch the mid-0.7200s and beyond so far.
In the meantime, headlines from Greece should keep investors entertained along with manufacturing PMIs in the euro area and in the UK economy.
EUR/GBP key levels
As of writing the cross is advancing 0.15% at 0.7254 and a break above 0.7298 (10-d MA) would aim for 0.7320 (high Mar.31) and then 0.7339 (high Mar.30). On the other hand, the immediate support lines up at 0.7231 (21-d MA) ahead of 0.7223 (low Mar.31) and finally 0.7200 (psychological level).
EUR/GBP focus on Greece, data
After finding some decent support near 0.7220 on Tuesday, the cross sparked the current recovery along with a better sentiment in the risk-on space, managing to clinch the mid-0.7200s and beyond so far.
In the meantime, headlines from Greece should keep investors entertained along with manufacturing PMIs in the euro area and in the UK economy.
EUR/GBP key levels
As of writing the cross is advancing 0.15% at 0.7254 and a break above 0.7298 (10-d MA) would aim for 0.7320 (high Mar.31) and then 0.7339 (high Mar.30). On the other hand, the immediate support lines up at 0.7231 (21-d MA) ahead of 0.7223 (low Mar.31) and finally 0.7200 (psychological level).