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Forex: EUR/GBP lifts off pivot support

By FXstreet.com,  January 04, 2013, 05:29:00 AM EDT

FXstreet.com (Barcelona) - EUR/GBP has eased off pivot point support but has largely continued to range today as mixed and EU and UK data counterbalances sentiment.

With US NFP´s ahead this afternoon, markets are understandably quieter than usual after a glut of European data. Spot has been confined to a tight range during the European session and is currently trading at 0.8118, above the daily pivot point at 0.8103. Hourly RSI is currently at 58 and moving with upside momentum. With the European calendar finished focus now fall of US NFP´s, the headline event of the month and the first of 2013.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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