EUR GBP decreases gains
9/12/2016 9:00:49 AM
EUR/GBP stays on a tight range at the start of the week, now giving away its earlier gains and re-visiting the 0.8460/70 band.The European cross is not capable to find some traction so far today, while both the pound and the single currency are posting small gains against the backdrop of a selling bias in the dollar.
Ahead in the session, the risk appetite tendencies will remain the exclusive drivers for the price action amongst lacking releases in both sides of the Channel.
The cross is now progressing 0.06% at 0.8470 and exceed of 0.8506 would aim for 0.8527 and then 0.8575. On the other hand, the immediate support align at 0.8330 ahead of 0.8250 and then 0.8180.