Forex: EUR/GBP flat after ISM, ECB

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Forex: EUR/GBP flat after ISM, ECB

FITITOL--> FXstreet.com (Barcelona) - The pair is trading almost unchanged from yesterday’s close after a choppy European session, which saw the single currency rally from levels sub 1.3100 to 1.3180 during Draghi’s press conference and the disappointing ISM services index in the US.

The sterling, on the other hand, has been trading in a sort of congestion pattern, swinging between the poor data out of the British housing sector and services PMI, the ECB meeting and the results in the american economy.

At the moment, EUR/GBP is retreating 0.01% at 0.8120, facing the immediate support at 0.8113 (low May 2) ahead of 0.8105 (Lower Bollinger) then 0.8067 (low 2010 Jun 29) and 0.7995 (low Nov. 6 2008).
On the upside, a break above 0.8143 would open the door to 0.8157 (MA10d) then 0.8198 (high May 1) and 0.8199 (MA21d).