EUR/GBP has been in a non-volatile bullish move after breaking above 0.8850. Recently the price has also broken above the resistance level of 0.9050 which signal further bullish pressure in this pair for the coming days. GBP has been quite struggling with the economic reports for past few days for which EUR has been quite stronger in comparison and currently have steady gains over GBP. Recently GBP Manufacturing Production report was published as expected at 0.0% from the previous value of -0.1% which was not much of a change for the currency and Goods Trade Balance showed greater deficit at -12.7B from the previous figure of -11.3B which was expected to be lower to -11.0B but the increased negative outcome has affected the GBP badly and for which GBP lost some more grounds against EUR. Today EUR German Final CPI reports was published with an unchanged value at 0.4%, German WPI showed negative outcome at -0.1% from the previous value of 0.0% which was expected to increase to 0.3%, French Final CPI report was also published with unchanged value at -0.3% and French Prelim Non-Farm Payrolls report published with an increased figure at 0.5% which was expected to be unchanged at 0.4%. To sum up, today EUR had mixed economic reports which have already lead to corrective structure in the market but still, EUR is expected to gain further over GBP in the coming days as Rate hike sentiment of ECB is still in place.
Ahora echemos un vistazo al panorama técnico, el precio está encima del nivel 0.9050 que indica más movimiento alcista con un objetivo hacia 0.9270. Ya que la tendencia no es volátil y el precio ha estado respetando el nivel dinámico de la EMA 20 bastante bien, entonces se espera que el sesgo alcista siga más en este par ya que el precio sigue encima de la EMA 20 y el nivel 0.9050 con un cierre diario.
