EUR/GBP, USD/CAD, GBP/JPY Technicals
EUR/GBP March 31, 2010 Current level – 0.8881 Longer term bias remains bullish for the pair, the pullback to the bearish trendline has been completed, expect some consolidation between 0,88- 0,91. Intraday: testing the 50% retracement at 0,8880 level, key support zone comes in at 0,8850 – 0,8800.(61,8%)
EUR/USD, EUR/JPY Flows – punchy inflation number might put ambitions on hold
Published at 09:25 (GMT) 31 Mar The punchy Eurozone HICP number is putting enough of a question mark over recently more dovish calls for ECB policy to help maintain the supranational inspired gains on the EUR from earlier. One number doesn’t signal an ongoing jump in inflation, but it may well temper ambitions ahead of the long weekend. PB