EUR/GBP eases to 0.7820 ahead of Carney

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    EUR/GBP is now retiring from the area of session highs around 0.7830 as the sentiment for the single currency has ebbed a tad from overnight peaks.

    EUR/GBP focus on Carney, “Brexit’

    The sterling has somewhat recovered part of yesterday’s ‘Brexit’-induced drop, prompting the cross to give away part of the earlier gains albeit it manages well to keep the trade above the 0.7800 handle so far.

    Ahead in the session, the German IFO will be in the limelight in Euroland, while Governor M.Carney’s speech and the Inflation Report Hearings are taking centre stage across the Channel.

    EUR/GBP key levels

    The European cross is now up 0.39% at 0.7823 facing the next hurdle at 0.7901 (high Feb11) followed by 0.8007 (high Dec.16 2014) and then 0.8041 (high Nov.27 2014). On the other hand, a breach of 0.7722 (20-day sma) would aim for 0.7696 (2-month uptrend) and finally 0.7523 (low Feb.3).
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