Friday 28 March 2014

A hawk’s Eye On The EUR/GBP Movement


 EUR/GBP moved down 0.03% to 0.8270. The pair slid down consenting to the economic sentiment of the Euro zone’s gauge, which showed an index of 101.3 in March against the 101.2 during February.During the last quarter of 2013, the United Kingdom’s final annualized Gross Domestic Product expanded to 2.7%, according to the median forecast by analysts. 


As per an analysis by Binary Tribune’s daily, if EUR/GBP happens to break the first resistance level at 0.8310, it is speculated that it may test 0.8345. If it breaches the second key resistance level, the pair will probably try to move up to 0.8369.

Technical chart

If the first key support at 0.8251 is broken by EUR/GBP, it will try to move down and test the level of 0.8227. If it breaches the second key support, then the pair will probably try to move down to 0.8192.

No comments:

Post a Comment