FXStreet (Mumbai) – The shared currency was offered in the Asian session, taking the EUR/GBP pair below 0.7150 levels as optimism surrounding Greek deal faded away.
Focus on Greece and EU PMI data
The optimism triggered by EU chief’s comments on Monday faded away as the investors await more precise and definite news regarding Greece from Brussels. The pair could also be influenced by the preliminary PMI readings due for release across the Eurozone. A slight decline in the activity is expected by the markets on account of Greek uncertainty.
The pair currently trades at 0.7130, down 0.50% on the day. Earlier today, the pair was rejected by its 10-DMA located at 0.7174.
EUR/GBP Technical Levels
The immediate support is seen at 0.7123 (June 19 low), under which the pair could drop to 0.7100 levels. On the flip side, the immediate resistance is seen at 0.7174 (10-DMA) and 0.7200-0.7210.
(Market News Provided by FXstreet)