EUR/GBP slightly higher after setting a weekly close below 0.8383

The price action in the EUR/GBP was not exactly clear cut on Friday, but the direction of travel was and eventually that did lead to a weekly close below the former 2024 low, at 0.8383. Well after the European markets called it quits for the week, the EUR/GBP fell back again, to post a new 2024 low, at 0.8378 and later closed the session at 0.8379. That was its lowest daily and weekly close since. In terms of the reciprocal rate (GBP/EUR) that was a close at 1.1934. Obviously the next level in that is now at 1.2000 and that equates to a EUR/GBP rate of 0.8333 and this is a price point that has been mentioned to you in the past. So, that looks like the next significant support level of note from here on. Overnight the Euro has bounced slightly, from a session low at 0.8376. The high seen so far has been at 0.8386. That it not meaningful though and right now nothing has much changed in terms of the immediate trend. The EUR/GBP is currently trading at 0.8384