- EUR/GBP hits lows of 0.7058 in the last hour after range trade in the European morning. The pair is consolidating below 0.71 handle. Currently the pair trades at 0.7073 with resistance at 0.7076 (daily Tenkan level).
- Pound sterling remained unperturbed by mixed factory data from the UK as traders shift their focus towards the upcoming Euro Summit with fresh updates expected on Greece.
- Markets favour the safe-havens such as US dollar ahead of the Euro Summit keeping the cross largely subdued on broad euro weakness.
Resistance Levels:R1: 0.7076 (Tenkan level)R2: 0.7145 (20 DMA)R3: 0.7187(Kijun level)Support Levels:S1: 0.7052 (July 5 low)S2: 0.6992 (June 29 low)
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