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EUR/GBP still trending lower

Yesterday the EUR/GBP did briefly pop above the 200 day moving average, but it was only by a couple of pips and very fleeting at that. Once that was out of the way, the downside traction resumed and the Euro later closed below its 200 day moving average once again. That was in place at 0.8679 and the EUR/GBP closed in the US at 0.8660. It has fallen to fresh interim lows this morning, dropping underneath 0.8650. That move is being driven by a drop back in the EUR/USD right now, as noted in the previous update and not by further upside yet in the GBP/USD. The low seen so far has been set at 0.8646. It is currently trading at 0.8648 and once again the downside is very much in the crosshairs here today

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