FXstreet.com (Barcelona) - The EUR/GBP has traded in a rather
confined 27 pip range Tuesday, oscillating between 0.8137 and
0.8164, corresponding to the pairs respective session low and high.
After a recent upward movement that was capped at the 0.8153
region, the pair has rescinded the majority of its gains, settling
at 0.8144/47 at the time of writing.
After an earlier tranche of economic data out of Germany and the
EMU, the American session holds little surprises on the newswires
for the pair for the remainder of the day. Tomorrow however, market
participants will digest the duality of publications out of Germany
and the UK, ranging from industrial data to trade balance
statistics, beginning at 9:30 GMT Wednesday.
The technical analyst team at Mataf.net analysts cites the
following resistances at 0.8158 onto 0.8177, and finally 0.8203. In
the event of a break lower or prolonged pullback, the EUR/GBP will
face supports at 0.8113 followed by 0.8087, down to 0.8068.