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26 Jun 2015
EUR/GBP: Greek talks not going well, stuck in range
FXStreet (Guatemala) - EUR/GBP is currently trading at 0.7101 with a high of 0.7127 and a low of 0.7097.
EUR/GBP is virtually unchanged on yesterday's activity. We are stuck in a tight range while Greek headlines are drawing less reaction. However, it appears the Greek's are not coming to terms of the requirements for reform that are required in order to strike a deal while the latest is Greece has rejected a five month extension.
EUR/GBP remains bearish below key resistances
Technically, EUR/USD is pinned to a tight 1 cent territory around the 1.12 handle in a wide channel with 1.1135 acting as support and 1.1235 as resistance. The cross has been better offered this week and remains heavy below 0.7140 and 0.7247 (16th June highs). 0.7055 is the 27th May lows that are on the bears map.
EUR/GBP is virtually unchanged on yesterday's activity. We are stuck in a tight range while Greek headlines are drawing less reaction. However, it appears the Greek's are not coming to terms of the requirements for reform that are required in order to strike a deal while the latest is Greece has rejected a five month extension.
EUR/GBP remains bearish below key resistances
Technically, EUR/USD is pinned to a tight 1 cent territory around the 1.12 handle in a wide channel with 1.1135 acting as support and 1.1235 as resistance. The cross has been better offered this week and remains heavy below 0.7140 and 0.7247 (16th June highs). 0.7055 is the 27th May lows that are on the bears map.