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Trading news
24 Apr 2015
EUR/GBP back to square one
FXStreet (Mumbai) - The shared currency gave up its gains against the Pound, thereby pushing the EUR/GBP pair to its opening level of 0.7183 levels.
EUR under pressure ahead of Eurogroup meeting
The EUR is being offered against the GBP ahead of the Eurogroup meeting. Moreover, the shared currency. Moreover, the shared currency is under pressure even though the 10-year Greece bond yield fell 12.6 basis points to 12.201%, while the German 10-year yield rose 1.6 basis points to 0.177%. Meanwhile, the British Pound is being supported by a 2.5 basis points rise in the UK 10-year yield to 1.717%.
In the day ahead, the news out of Eurogroup meeting shall continue to be the main deciding factor of the moves in the EUR/GBP pair.
EUR/GBP Technical Levels
The immediate resistance is seen at 0.7210, above which gains could be extended to 0.7236 (50-DMA). On the flip side, a break below 0.7171, could push the pair back to 0.7115 levels.
EUR under pressure ahead of Eurogroup meeting
The EUR is being offered against the GBP ahead of the Eurogroup meeting. Moreover, the shared currency. Moreover, the shared currency is under pressure even though the 10-year Greece bond yield fell 12.6 basis points to 12.201%, while the German 10-year yield rose 1.6 basis points to 0.177%. Meanwhile, the British Pound is being supported by a 2.5 basis points rise in the UK 10-year yield to 1.717%.
In the day ahead, the news out of Eurogroup meeting shall continue to be the main deciding factor of the moves in the EUR/GBP pair.
EUR/GBP Technical Levels
The immediate resistance is seen at 0.7210, above which gains could be extended to 0.7236 (50-DMA). On the flip side, a break below 0.7171, could push the pair back to 0.7115 levels.