FxWirePro: EUR/GBP rangebound, focus on UK inflation data and German Zew sentiment
Tuesday, February 16, 2016 7:32 AM UTC
- EUR/GBP halts two consecutive sessions of losses to edge higher on the day, currently trading by day's highs at 0.7741.
- Techs suggest downside in the pair, RSI is retracing after hitting near 70 levels and points south, Stochs show bearish crossover from overbought territory.
- Immediate resistance is seen at 0.7763 (5-DMA), while 0.7697 (Feb 15th low) is immediate support on the downside.
- UK's inflation figures and the German ZEW Survey due later in the EU session will be in focus for further direction.
- Surveys see UK headline CPI to have risen at an annualized 0.3% during last month, up from December's 0.2% gain.
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
FxWirePro- Major Pair levels and bias summary 
