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29 Jun 2015
EUR/GBP: holding in bullish territory
FXStreet (Guatemala) - EUR/GBP is currently trading at 0.7144 with a high of 0.7168 and a low of 0.6987.
EUR/GBP is well and truly through the gap now with a number of catalysts in favour of the euro, on the short term basis anyhow, with the SNB verbally intervening to prevent the Swiss Franc from becoming unfavourably high on risk-off scenarios, along with EU leaders voicing their desire for Greece to remain in the EZ.
The door is still open for Greece to come back to the negotiating table as told by Dijsselbloem earlier while ECB's Coeure explaining they want Greece to stay in, but can't rule out a Grexit anymore. Technically, for the cross and on a reemergence of bears, a slip below here could target 0.6571/41 2007 lows as the bloc currency vs the greenback eyes the May lows of 1.0820.
EUR/GBP is well and truly through the gap now with a number of catalysts in favour of the euro, on the short term basis anyhow, with the SNB verbally intervening to prevent the Swiss Franc from becoming unfavourably high on risk-off scenarios, along with EU leaders voicing their desire for Greece to remain in the EZ.
The door is still open for Greece to come back to the negotiating table as told by Dijsselbloem earlier while ECB's Coeure explaining they want Greece to stay in, but can't rule out a Grexit anymore. Technically, for the cross and on a reemergence of bears, a slip below here could target 0.6571/41 2007 lows as the bloc currency vs the greenback eyes the May lows of 1.0820.