1 Aug 2013
EUR/GBP falls below 0.8700 after BoE, ECB
FXstreet.com (Córdoba) - The EUR/GBP extended losses to fresh daily lows following the ECB decision to keep key interest rates unchanged.
The EUR/GBP broke below the 0.8700 psychological level and previous daily lows, and stretched to a low of 0.8682 before finding support and bouncing slightly. At time of writing, EUR/GBP is trading at the 0.8690 zone, where it records a 0.6% loss on the day.
EUR/GBP technical levels
As for technical levels, if EUR/GBP falls below 0.8680, next supports are seen at 0.8650 (10-day SMA) and 0.8620 (Jul 22 low). On the other hand, resistances could now be found at 0.8710 (intraday level) and 0.8770 (daily high).
The EUR/GBP broke below the 0.8700 psychological level and previous daily lows, and stretched to a low of 0.8682 before finding support and bouncing slightly. At time of writing, EUR/GBP is trading at the 0.8690 zone, where it records a 0.6% loss on the day.
EUR/GBP technical levels
As for technical levels, if EUR/GBP falls below 0.8680, next supports are seen at 0.8650 (10-day SMA) and 0.8620 (Jul 22 low). On the other hand, resistances could now be found at 0.8710 (intraday level) and 0.8770 (daily high).