Skip to main content

EUR/GBP hits new session low as EUR/USD sags

The earlier attempts to push the EUR/USD has not proved successful and now the Euro is dropping back towards session lows after it stalled ahead of .0960 several times earlier today. The move lower comes as the USD/JPY bounces from an earlier low at 148.66, to back above 148.90 a moment ago. So, because that rebound is not really carrying the EUR/JPY with it, the EUR/USD has had no choice but to slip back. The move lower also comes from fresh selling in the EUR/GBP. That has just this minute hit a fresh session low at 0.8658 and that is undermining any traction in the EUR/USD. I have been highlighting the prospect of further downside in the EUR/GBP and nothing I have seen so far today leads me to detract from that. There is minor support at 0.8650 from a previous low point (Nov 6), but that is not substantial by any means. The EUR/GBP is on that session low as I conclude this update 
 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!