TenkoFX - Analytics

    TenkoFX

    415.75 7.25/10
    68% of positive reviews
    Real

    EUR/GBP clinches highs around 0.7970

    The persistent offered tone around the Sterling is prompting EUR/GBP to climb further up today, now flirting with session tops in the 0.7965/70 band.EUR/GBP attention to CPI figuresLatest poll results on the EU-UK Referendum keep weighing on the demand for GBP, as the ‘Leave’ vote seems to be consolidating the lead.On the other hand, a steady march of the single currency has been also collaborating with the recent rebound in the cross from last week’s troughs in the mid-0.7700s.Next on tap will be the Spanish and Italian May inflation figures followed by EMU’s Industrial Production, while UK’s CPI is expected to have gained 0.3% inter-month.EUR/GBP key levelsThe cross is now gaining 0.56% at 0.7967 and a break above 0.7986 (high Jun.13) would expose 0.8119 (2016 high Apr.7). On the flip side, the next support lines up at 0.7852 (55-day sma) followed by 0.7822 (100-day sma) and finally 0.7757 (low Jun.7). 


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree