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27 Mar 2015
EUR/GBP consolidating around 0.7330
FXStreet (Edinburgh) - Markets are extending their flattish pattern into the European session on Friday, with EUR/GBP navigating around 0.7330.
EUR/GBP focus on BoE
Absent relevant releases in the euro area today, market participants will remain vigilant on the speeches by BoE members Broadbent and Haldane, ahead of Governor Carney.
The European cross is retreating for t he first time this week, coming down from 3-week tops near 0.7400 the figure on Thursday. In the data front, UK house prices tracked by Nationwide rose 0.1% inter-month for the current month and 5.1% over the last twelve months.
EUR/GBP key levels
At the moment the cross is down 0.04% at 0.7326 with the immediate support at 0.7304 (low Mar.24) ahead of 0.7289 (high Mar.18) and then 0.7253 (10-d MA). On the flip side, a breakout of 0.7385 (high Mar.25) would expose 0.7404 (high Feb.23) and then 0.7429 (high Feb.20).
EUR/GBP focus on BoE
Absent relevant releases in the euro area today, market participants will remain vigilant on the speeches by BoE members Broadbent and Haldane, ahead of Governor Carney.
The European cross is retreating for t he first time this week, coming down from 3-week tops near 0.7400 the figure on Thursday. In the data front, UK house prices tracked by Nationwide rose 0.1% inter-month for the current month and 5.1% over the last twelve months.
EUR/GBP key levels
At the moment the cross is down 0.04% at 0.7326 with the immediate support at 0.7304 (low Mar.24) ahead of 0.7289 (high Mar.18) and then 0.7253 (10-d MA). On the flip side, a breakout of 0.7385 (high Mar.25) would expose 0.7404 (high Feb.23) and then 0.7429 (high Feb.20).