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15 Apr 2015
EUR/GBP flat around 0.7200
FXStreet (Edinburgh) - EUR/GBP is hovering over the 0.7200 handle on Wednesday, looking to stabilize after reaching peaks near 0.7240 on Tuesday.
EUR/GBP muted on German data
The European cross kept the composure following the release of the final German inflation figures during March, showing consumer prices expanding at an annual pace of 0.3%. Prices gauged by the broader HICP rose 0.1% on a yearly basis.
Ahead in the session, the ECB monetary policy meeting will take centre stage while the less relevant CB’s Leading Economic Index is due in the UK.
EUR/GBP levels to consider
At the moment the cross is retreating 0.02% at 0.7205 and a break below 0.7156 (61.8% of 0.7015-0.7385) would expose 0.7154 (low Mar.19) and then 0.7100 (psychological level). On the flip side, the initial hurdle aligns at 0.7270 (high Apr.10) followed by 0.7279 (21-d MA) and finally 0.7281 (10-d MA).
EUR/GBP muted on German data
The European cross kept the composure following the release of the final German inflation figures during March, showing consumer prices expanding at an annual pace of 0.3%. Prices gauged by the broader HICP rose 0.1% on a yearly basis.
Ahead in the session, the ECB monetary policy meeting will take centre stage while the less relevant CB’s Leading Economic Index is due in the UK.
EUR/GBP levels to consider
At the moment the cross is retreating 0.02% at 0.7205 and a break below 0.7156 (61.8% of 0.7015-0.7385) would expose 0.7154 (low Mar.19) and then 0.7100 (psychological level). On the flip side, the initial hurdle aligns at 0.7270 (high Apr.10) followed by 0.7279 (21-d MA) and finally 0.7281 (10-d MA).