Back
20 Mar 2014
EUR/GBP falls to 6-day low
FXStreet (Córdoba) - The EUR/GBP continues to correct from 3-month highs Thursday, having broken below the 10-day SMA (0.8350) during the European session as the euro weakens across the board.
Even though the pair showed limited reaction to Fed's statement, it came under pressure Thursday dragged by the EUR/USD which broke below 1.3800. At time of writing, the EUR/GBP is trading at the 0.8340 zone, recording a 0.2% loss on the day, having printed a low of 0.8337 in recent dealings.
EUR/GBP technical levels
In terms of technical levels, the EUR/GBP could find immediate supports at 0.8337 (Mar 20 low), 0.8320 (Mar 3 low) and 0.8300 (psychological level). On the other hand, resistances are seen at 0.8350 (10-day SMA), 0.8370 (100-hour SMA) and 0.8400 (Mar 18 high/psychological level).
Even though the pair showed limited reaction to Fed's statement, it came under pressure Thursday dragged by the EUR/USD which broke below 1.3800. At time of writing, the EUR/GBP is trading at the 0.8340 zone, recording a 0.2% loss on the day, having printed a low of 0.8337 in recent dealings.
EUR/GBP technical levels
In terms of technical levels, the EUR/GBP could find immediate supports at 0.8337 (Mar 20 low), 0.8320 (Mar 3 low) and 0.8300 (psychological level). On the other hand, resistances are seen at 0.8350 (10-day SMA), 0.8370 (100-hour SMA) and 0.8400 (Mar 18 high/psychological level).