EUR/GBP bulls praying for 0.8315 support to hold up

FXstreet.com (Barcelona) – The EUR/GBP has been falling recently on EUR-bearish data and an accomodative ECB combined with a trend of GBP-bullish data and a relatively hawkish Bank of England.

EUR/GBP traders have plenty of data to digest from Britain and the EU

EUR/GBP traders will be reacting to news out of both Britain and the EU Thursday including: German Unemployment; EuroZone Consumer Confidence; EuroZone Sentiment indicators; the British Financial Stability Report; and, German Inflation Data.

Technical outlook for EUR/GBP

Technicians say the EUR/GBP cross is either in a corrective wave lower with a target of 0.83157 or …read more