18 Dec 2014
EUR/GBP drops further below 0.7860
FXStreet (Córdoba) - EUR/GBP weakened after better-than-expected economic data from the United Kingdom and fell further after Wall Street opening bell. Recently printed a fresh weekly low at 0.7835. While the pound remains resilient in the market, the euro is among the worst performers affected by expectations of more easing from the European Central Bank.
The pair is falling for the third day in a row and is having the worst decline since February. Currently trades at 0.7839, down more than 1%.
EUR/GBP eyes December lows
From Monday’s high the pair dropped 165 pips and approached an important support area located around 0.7830, where December lows lie. Below here, the next potential support could be located at 0.7795 (November lows).
The pair is falling for the third day in a row and is having the worst decline since February. Currently trades at 0.7839, down more than 1%.
EUR/GBP eyes December lows
From Monday’s high the pair dropped 165 pips and approached an important support area located around 0.7830, where December lows lie. Below here, the next potential support could be located at 0.7795 (November lows).