No rebound of note yet for EUR/GBP ahead of European opening

Yesterday the drop back in the EUR/GBP through the 0.8500 handle was covered here. The noted supports at 0.8473 and 0.8475 were also covered and as you can see the Euro has so far resisted a break below those support levels. To update you on those now; the 50 day moving average is in place right now at 0.8474 and the Fibonacci correction level remains unchanged at 0.84755 (61.8% of the 0.8383-0.8625 rise). The low seen yesterday was set at 0.8479. The range seen so far today has been covered by 0.8485 to 0.8492. The EUR/GBP closed in the US last night at 0.8488. As to how this one plays out today is rather uncertain. All there while those support levels cap the downside there is room for a rebound, but as you can see right now, that rebound is far from impressive at this stage. The EUR/GBP is currently trading at 0.8486 and so doubts remain