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11 Dec 2014
EUR/GBP rises, ignores German and French inflation prints
FXStreet (Mumbai) - The single currency trades higher against the sterling as Euro overlooked muted price pressures numbers from Germany and France before ECB’s 2nd tranche of TLTRO.
Currently, the EUR/GBP pair trades at 0.7937 levels, up 0.21%, after having clocked day’s high of 0.7941 some time ago. The pair shrugged off lacklustre consumer prices growth data from Germany, Euro zone’s economic power house and France; as markets shift their focus towards ECB’s second TLTRO.
Moreover, traders also have an eye over the Bank of England Governor Mark Carney and Deputy Governor Ben Broadbent press conference with former Federal Reserve Board Governor Kevin Warsh on consideration of making permanent recordings and transcripts of Monetary Policy Committee meetings.
EUR/GBP Levels to consider
The pair has an immediate resistance at 0.7948 (Nov 13 High) levels, above which gains could be extended to 0.7977 (Dec 1 High) levels. On the flip side, support is seen at 0.7915 (20-day SMA), below which it could extend losses to 0.7903 (50-day SMA) levels.
Currently, the EUR/GBP pair trades at 0.7937 levels, up 0.21%, after having clocked day’s high of 0.7941 some time ago. The pair shrugged off lacklustre consumer prices growth data from Germany, Euro zone’s economic power house and France; as markets shift their focus towards ECB’s second TLTRO.
Moreover, traders also have an eye over the Bank of England Governor Mark Carney and Deputy Governor Ben Broadbent press conference with former Federal Reserve Board Governor Kevin Warsh on consideration of making permanent recordings and transcripts of Monetary Policy Committee meetings.
EUR/GBP Levels to consider
The pair has an immediate resistance at 0.7948 (Nov 13 High) levels, above which gains could be extended to 0.7977 (Dec 1 High) levels. On the flip side, support is seen at 0.7915 (20-day SMA), below which it could extend losses to 0.7903 (50-day SMA) levels.