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2 Jun 2015
EUR/GBP consolidates the major advances
FXStreet (Guatemala) - EUR/GBP is currently trading at 0.7259 with a high of 0.7258 and a low of 0.7179.
EUR/GBP has rallied up to meet the 0.73 through 'stop-central' on the handle handle and supply has taken the cross back to the mid point of the rally and has settled down in to a consolidation. There is an air of optimism around the EZ with suggestions that Greece and its creditors will reach a deal before the week is over. However, this week is big for the EZ in many areas, besides Greece, with there being plenty of data events and including the ECB and BoE.
Meanwhile and technically EUR/GBP has taken out the key 0.7170/90
zone which was the accelerated downtrend and has also moved through 0.7282 which is the 15th March high and has completed a full recovery of the losses from here in May.
EUR/GBP has rallied up to meet the 0.73 through 'stop-central' on the handle handle and supply has taken the cross back to the mid point of the rally and has settled down in to a consolidation. There is an air of optimism around the EZ with suggestions that Greece and its creditors will reach a deal before the week is over. However, this week is big for the EZ in many areas, besides Greece, with there being plenty of data events and including the ECB and BoE.
Meanwhile and technically EUR/GBP has taken out the key 0.7170/90
zone which was the accelerated downtrend and has also moved through 0.7282 which is the 15th March high and has completed a full recovery of the losses from here in May.