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22 Jun 2015
EUR/GBP ticks higher on hopes of Greek deal
FXStreet (Mumbai) - The EUR/GBP pair is witnessing positive action for the first time after a week on hopes of a Greek debt deal. The pair currently trades at 0.7166 levels.
Focus on Eurogroup meeting
The shared currency has found an edge over the British Pound on positive Greek related news flow over the weekend. Reuters reported that proposals were swapped between Greece and the Eurogroup; a positive sign ahead of the emergency EU summit and the Eurogroup meeting scheduled later today.
Ahead in the day, the two key events are likely to hog the limelight. Minor moves may be triggered by the flash consumer confidence in the Eurozone and housing data in the US.
EUR/GBP Technical Levels
The immediate resistance is located at 0.7170 (hourly 100-MA), above which the pair could target 0.72. On the flip side, a break below 0.7155 (hourly 50-MA), could see the pair drop to 0.7123.
Focus on Eurogroup meeting
The shared currency has found an edge over the British Pound on positive Greek related news flow over the weekend. Reuters reported that proposals were swapped between Greece and the Eurogroup; a positive sign ahead of the emergency EU summit and the Eurogroup meeting scheduled later today.
Ahead in the day, the two key events are likely to hog the limelight. Minor moves may be triggered by the flash consumer confidence in the Eurozone and housing data in the US.
EUR/GBP Technical Levels
The immediate resistance is located at 0.7170 (hourly 100-MA), above which the pair could target 0.72. On the flip side, a break below 0.7155 (hourly 50-MA), could see the pair drop to 0.7123.