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1 Sep 2015
EUR/GBP shoots to 0.7340
FXStreet (Edinburgh) - The better tone in the single currency is now allowing EUR/GBP to climb to daily tops near 0.7340 so far.
EUR/GBP focus on PMIs
The European cross continues on the rise after bottoming out in the mid-0.7200s early on Monday, bolstered by the re-emergence of the bid tone around EUR along with a better sentiment towards the risk appetite.
Ahead in the session, the final figures of the manufacturing PMI in Euroland and the UK economy will grab all the attention, plus UK’s Mortgage Approvals, Consumer Credit and M4 Money Supply.
EUR/GBP key levels
At the moment the cross is advancing 0.37% at 0.7332 facing the next resistance at 0.7354 (high Aug.28) followed by 0.7364 (high Aug.26) and finally 0.7423 (high Aug.24). On the flip side, a breakdown of 0.7259 (low Aug.28) would aim for 0.7151 (low Aug.21) and then 0.7091 (low Aug.20).
EUR/GBP focus on PMIs
The European cross continues on the rise after bottoming out in the mid-0.7200s early on Monday, bolstered by the re-emergence of the bid tone around EUR along with a better sentiment towards the risk appetite.
Ahead in the session, the final figures of the manufacturing PMI in Euroland and the UK economy will grab all the attention, plus UK’s Mortgage Approvals, Consumer Credit and M4 Money Supply.
EUR/GBP key levels
At the moment the cross is advancing 0.37% at 0.7332 facing the next resistance at 0.7354 (high Aug.28) followed by 0.7364 (high Aug.26) and finally 0.7423 (high Aug.24). On the flip side, a breakdown of 0.7259 (low Aug.28) would aim for 0.7151 (low Aug.21) and then 0.7091 (low Aug.20).