FXStreet (Edinburgh) – The better tone in the sterling has prompted EUR/GBP to give away part of the recent advance, currently slipping to session lows in the 0.7565/60 band.
EUR/GBP attention to UK, EMU data
The European cross is now accelerating the downside and wobbling around the area of 0.7570/60, where the 20-day sma and the uptrend from December lows are converging.
Ahead in the session, UK/EMU Services PMI are due, seconded by Retail Sales in the euro area, while the ADP report will set the tone later in the NA session.
EUR/GBP key levels
The European cross is now down 0.10% at 0.7563 facing the next support at 0.7481 (61.8% Fibo of 0.7310-0.7758) ahead of 0.7310 (low Jan.5) and finally 0.7247 (200-day sma). On the other hand, a break above 0.7756 (high Jan.20) would aim for 0.8007 (high Dec.16 2014) and then 0.8041 (high Nov.27 2014).
Trade Nonfarm payrolls with FXStreet – Live Coverage
(Market News Provided by FXstreet)