FXstreet.com (Barcelona) - The pair is trading in the lower end of today’s range so far, dragged by the pronounced upside in the sterling, hovering back over the mid 1.55s against the greenback after falling as low as 1.5476
On the other hand, the euro is back into negative territory around the 1.2615 region after hitting highs shy of 1.2650 earlier on. The sentiment circling the single currency remains fragile however, with cautiouness prevailing among investors ahead of the Greek elections on Sunday.
EUR/GBP is losing just 0.03% at 0.8118 as of writing, facing the next support at 0.8095 (MA10d) ahead of 0.8060 (MA21d) then 0.8012 (low Jun.12) and 0.7990 (low May 31).
On the upside, a break above 0.8159 (MA21d) would expose 0.8163 (high Jun.11) then 0.8198 (high May 1) and 0.8222 (high Apr.25).
On the other hand, the euro is back into negative territory around the 1.2615 region after hitting highs shy of 1.2650 earlier on. The sentiment circling the single currency remains fragile however, with cautiouness prevailing among investors ahead of the Greek elections on Sunday.
EUR/GBP is losing just 0.03% at 0.8118 as of writing, facing the next support at 0.8095 (MA10d) ahead of 0.8060 (MA21d) then 0.8012 (low Jun.12) and 0.7990 (low May 31).
On the upside, a break above 0.8159 (MA21d) would expose 0.8163 (high Jun.11) then 0.8198 (high May 1) and 0.8222 (high Apr.25).
