Euro / pound in European trading is under pressure. At the moment the couple kept in stg0.8680. As noted by one of the dealers, the level of stg0.8675 strike has now expiring option. Market participants believe that the end of the month associated with the payment of the EU the UK will take place during the fixing the ECB. However, the expected strong demand for euro / pound by the Bundesbank, as well as active selling the pound to the dollar model accounts. Interest in buying a pair of felt stg0.8670/60, and then to stg0.8650. The breakthrough of this level may open the way to move toward stg0.8640/30. The nearest resistance is a pair of runs on stg0.8740, and then at the 100-day moving average at stg0.8795. The current euro / pound stg0.8677.
Friday, September 30, 2011
Euro / Pound. Comments dealers, Foreign Exchange Market
Euro / pound in European trading is under pressure. At the moment the couple kept in stg0.8680. As noted by one of the dealers, the level of stg0.8675 strike has now expiring option. Market participants believe that the end of the month associated with the payment of the EU the UK will take place during the fixing the ECB. However, the expected strong demand for euro / pound by the Bundesbank, as well as active selling the pound to the dollar model accounts. Interest in buying a pair of felt stg0.8670/60, and then to stg0.8650. The breakthrough of this level may open the way to move toward stg0.8640/30. The nearest resistance is a pair of runs on stg0.8740, and then at the 100-day moving average at stg0.8795. The current euro / pound stg0.8677.
