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1 Apr 2015
EUR/GBP capped by 0.7300
FXStreet (Edinburgh) - The increasing bid tone in the single currency has been propping up the upside in EUR/GBP to the boundaries of 0.7300 the figure.
EUR/GBP boosted by US ADP
The softer-than-expected result from the US ADP report gave the riskier assets a boost today, allowing the European cross to come back to session highs around the 0.7300 handle.
Both the sterling and the euro remain i the spotlight today, in light of further key releases in the US docket: Markit’s PMI and ISM Manufacturing.
EUR/GBP key levels
As of writing the cross is advancing 0.54% at 0.7282 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 boosted by US ADP
The softer-than-expected result from the US ADP report gave the riskier assets a boost today, allowing the European cross to come back to session highs around the 0.7300 handle.
Both the sterling and the euro remain i the spotlight today, in light of further key releases in the US docket: Markit’s PMI and ISM Manufacturing.
EUR/GBP key levels
As of writing the cross is advancing 0.54% at 0.7282 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).