EUR/GBP Forecast: Daily Technical Analysis for December 13, 2016

EUR/GBP Technical Overview

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Prev. Close 0.8387
Open 0.8395
Day’s Range 0.8385 – 0.8400
52 wk Range 0.7213 – 0.9430
1-Year Return +15.91

Support and Resistance Forecast

EUR fall 0.29% decreased against GBP and closed at 0.8387. Today EURGBP opening price is 0.8395 in Asia at. Still EUR is quite weaker against GBP, but later today we have several Economic data to be released from EUR market which may volatile the EURGBP pair.

EUR/GBP Forecast The pair possibly will find the immediate support at 0.8363. If, market breaks the first support then it will go for the following support to test. Following supports are 0.8345 and 0.8315.

On the other side the market has immediate resistance 0.8423. If, market breaks the primary resistance level then, market will go for the new resistance level 0.8441 and 0.8471.

Following Economic Events will be released today (GMT +2)

• 900am EUR German Final CPI mm
• 900am EUR German WPI mm
• 1100am EUR Italian Industrial Production mm
• 1200pm EUR German ZEW Economic Sentiment
• 1200pm EUR Employment Change qq
• 1200pm EUR ZEW Economic Sentiment
• 1130am GBP CPI yy
• 1130am GBP GBP PPI Input mm
• 1130am GBP GBP RPI yy
• 1130am GBP GBP Core CPI yy
• 1130am GBP GBP HPI yy
• 1130am GBP GBP PPI Output mm