3 Dec 2014
EUR/GBP approaches 2014 lows
FXStreet (Córdoba) - EUR/GBP accelerated the decline after breaking below 0.7865 and dropped to 0.7831, reaching the lowest price since November 12. Currently trades at 0.7834, down 1%, having the worst day in months.
While the pound is among the best performers during the day and GBP/USD is up, trading above 1.5700, the euro is under pressure, with EUR/USD near 1.2300 at 2-year lows.
EUR/GBP levels to watch
The decline brought EUR/GBP closer to 0.7800, below here attention would turn to 0.7795 where november lows lie and below here to 0.7764, 2014 lows. To the upside, resistance now could be located at 0.7850, 0.7865 and 0.7900.
While the pound is among the best performers during the day and GBP/USD is up, trading above 1.5700, the euro is under pressure, with EUR/USD near 1.2300 at 2-year lows.
EUR/GBP levels to watch
The decline brought EUR/GBP closer to 0.7800, below here attention would turn to 0.7795 where november lows lie and below here to 0.7764, 2014 lows. To the upside, resistance now could be located at 0.7850, 0.7865 and 0.7900.