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22 Jun 2015
EUR/GBP bid while ideas of a Grexit are shelved yet again
FXStreet (Guatemala) - EUR/GBP is currently trading at 0.7200 with a high of 0.7211 and a low of 0.7135.
EUR/GBP is attempting a bid in to the US session but 0.7200 is offering the bears relief currently as the momentum is stalling at 0.7210 resistance. There is some optimism around the idea that a Greek deal could be on the cards. We await to find out the details of what may have caused a change and turn in sentiment from the outcome of EU meetings today, but it appears that there remans an air of caution around such proposals in the new proposals thus far.
EUR/GBP capped on broadly strong Sterling
Technically, cable remains in a very bullish environment that is capping the pair while GBP/USD remains bid on the 1.58 handle. However, should a break and a continuation of today's price action which is in the hands of the bears testing the bulls commitments on the 1.58 handle, the cross could stand to confirm a break of the broader downtrend above the 0.7250 and 16th June highs.
EUR/GBP is attempting a bid in to the US session but 0.7200 is offering the bears relief currently as the momentum is stalling at 0.7210 resistance. There is some optimism around the idea that a Greek deal could be on the cards. We await to find out the details of what may have caused a change and turn in sentiment from the outcome of EU meetings today, but it appears that there remans an air of caution around such proposals in the new proposals thus far.
EUR/GBP capped on broadly strong Sterling
Technically, cable remains in a very bullish environment that is capping the pair while GBP/USD remains bid on the 1.58 handle. However, should a break and a continuation of today's price action which is in the hands of the bears testing the bulls commitments on the 1.58 handle, the cross could stand to confirm a break of the broader downtrend above the 0.7250 and 16th June highs.