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EUR/GBP pushing lower to technical support zone and here are the levels
The fall below 0.8500 today in the EUR/GBP has now delivered a low at 0.8483 a short while ago and that means the Euro is now close to a cluster of technical support levels at in between 0.8473 and 0.8475. The first of those is where the 50 day moving average is right now and the second marks a 61.8% correction of the whole move higher over the past month or two. The EUR/GBP lifted from a low at 0.8383 to a high at 0.8625 and the 61.8% correction of that comes in at 0.8475. So, there you have it. We shall see if this breach of 0.8500 will now test these levels and what might happen thereafter if it does. The EUR/GBP is currently trading at 0.8488
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