The couple of Currencies EUR/GBP has continued respecting the channel of rising trend that comes forming from February 18.
In this period, the Euro has registered a maximum appraisal of 5.9 % with regard to the Pound Sterling (from 0.8358 to 0.88518).
In addition, in case the Euro crosses to the fall the low line of the rising channel, it continues being his zone of Support validates in the level 0.8750, which it coincides with the level of 23.6 % of Fibonaci's setbacks (from 0.81413 to 0.89407).
Just now, near the end of the session of the Asian trading, this Couple of Currencies this one respecting the psychological barrier of 0.88 and everything indicates that his behavior will be subject to the economic news that will be announced in the following days, standing out:
Industrial Production of England on April 6 at 10:30 (GMT + 1:00).
Establishment of the Bank of England (BoE) of the Rate of Interest, the Thursday at 13:00 (GMT + 1:00).
Establishment of the European Central Bank (ECB) of the Rate of Interest, the Thursday at 13:45 (GMT + 1:00).
If both Banks support his rate of Interest, the Euro surely was losing value with regard to the Pound Sterling, taking the values of 0.8750 and 0.8650 as Supports.
In case the ECB announces an increase in the rate of Interest, we might see to the Euro reach the levels that I achieve in October of last year (0.8940) and inclusive aspire to the maximums of the year 2010 in the zone of 0.9130.
Thank you for your click in one or more publicity link 's of my Blog.
