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14 Aug 2013
EUR/GBP’s advanced curtailed at 0.8550
FXstreet.com (Chicago) - EUR/GBP continues crawling lower with daily losses adding up to 0.43% after earlier free fall on pound's strengthening.
The euro zone reached -0.7% GDP growth (YoY) for the second quarter of the year. The quarterly data informed there was a 0.3% increase vs. previous -0.3% and expected 0.2%. In the UK, the BoJ maintained its vote unchanged and released a Claimant Count Change for July at -29.2K vs. previous -29.4K and expected -15.0K.
Technically speaking, the pair trades at 0.8547, between supports at 0.8536 (April 23rd highs), 0.8525 (April 16th lows) ahead of 0.8509 (April 20th lows) and resistances at 0.8558 (March 22nd highs), 0.8566 (July 5th lows) followed by 0.8574 (July 14th lows). The FXstreet.com trend index reports the pair as strongly bearish on one-hour timeframe analysis as it navigates below the EMA20.
The euro zone reached -0.7% GDP growth (YoY) for the second quarter of the year. The quarterly data informed there was a 0.3% increase vs. previous -0.3% and expected 0.2%. In the UK, the BoJ maintained its vote unchanged and released a Claimant Count Change for July at -29.2K vs. previous -29.4K and expected -15.0K.
Technically speaking, the pair trades at 0.8547, between supports at 0.8536 (April 23rd highs), 0.8525 (April 16th lows) ahead of 0.8509 (April 20th lows) and resistances at 0.8558 (March 22nd highs), 0.8566 (July 5th lows) followed by 0.8574 (July 14th lows). The FXstreet.com trend index reports the pair as strongly bearish on one-hour timeframe analysis as it navigates below the EMA20.