FXStreet (Edinburgh) – EUR/GBP is trading in a tight range following the sideline patterns seen in both the euro and the sterling on Wednesday.
EUR/GBP attention to UK, EMU data
The European cross seems to have found quite decent support in the 0.7190/0.7200 band, looking to consolidate the drops from recent double-tops in the vicinity of 0.7400 the figure.
Ahead in the session, the most relevant releases will be the UK labour market figures and the BoE minutes. Across the Channel, EMU’s final CPI figures for the month of May are expected to match the preliminary prints.
EUR/GBP key levels
As of writing the cross is advancing 0.22% at 0.7203 and a surpass of 0.712 (21-d MA) would expose 0.7250 (high Jun.16) and finally 0.7258 (high Jun.12). On the other hand, the initial down barrier lies at 0.7175 (low Jun.16) followed by 0.7146 (low Jun.1) and then 0.7140 (low May 29).
(Market News Provided by FXstreet)