FxWirePro: EUR/GBP rangebound ahead of European open, awaits EZ PMI data
EUR/GBP trades a tight range in the Asian session, with day's highs at 0.7392 and lows at 0.7378 Later in the day, attention turns towards a raft of final services PMI readings from the Euro zone In focus will be UK fina…
EUR/GBP trades a tight range in the Asian session, with day's highs at 0.7392 and lows at 0.7378
Later in the day, attention turns towards a raft of final services PMI readings from the Euro zone
In focus will be UK final services PMI for Sept, expectations are for the headline figure to have improved somewhat from the more than two-year low seen in Aug
The pair is currently trading at 0.7386, still remains pressured below the 0.74 handle
Immediate resistance is seen at 0.7392 (day's high) ahead of 0.7430 (Sept 30 highs) and then 0.7435 (Sept 29 highs)
Support on the downside is seen at 0.7355 (Oct 1st low) and then at 0.7337 (Daily Tenkan) and further below at 0.7334 (Sept 28th low)
