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5 Feb 2015
EUR/GBP unperturbed by solid German data
FXStreet (Mumbai) - EUR/GBP remained unchanged after factory orders in the euro zone's largest economy accelerated in December, more than markets had expected.
EUR/USD unmoved by the data
The EUR/GBP pair traded flat at 0.7469 levels, close to fresh session highs of 0.7478 levels posted before the data release. EUR/GBP remained uninspired after German factory orders rebounded sharply by 4.2% m/m in December, beating expectations of a 1.5% increase. In the prior month, the gauge declined 2.4%. On y/y basis, the gauge added 3.4% in December, opposed to an expected increase of 0.7%.
Meanwhile, traders now await BOE MPC Statement later in the session for further momentum on the cross.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7500 and above which it could extend gains to at 0.7531 levels. To the downside immediate support might be located at 0.7439 and below that at 0.7402 levels.
EUR/USD unmoved by the data
The EUR/GBP pair traded flat at 0.7469 levels, close to fresh session highs of 0.7478 levels posted before the data release. EUR/GBP remained uninspired after German factory orders rebounded sharply by 4.2% m/m in December, beating expectations of a 1.5% increase. In the prior month, the gauge declined 2.4%. On y/y basis, the gauge added 3.4% in December, opposed to an expected increase of 0.7%.
Meanwhile, traders now await BOE MPC Statement later in the session for further momentum on the cross.
EUR/GBP Levels to consider
To the upside, the next resistance is located at 0.7500 and above which it could extend gains to at 0.7531 levels. To the downside immediate support might be located at 0.7439 and below that at 0.7402 levels.