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Forex pairs in this Article » EUR/GBP (Barcelona) - The EUR/GBP foreign exchange cross rate is last trading at 0.8549 off recent session and fresh weekly lows at 0.8508 ahead of key French and German flash PMI at 07:00 and 07:30 GMT respectively.

EUR/GBP leaves conflicting tech signals

Cable declined on the back of dovish comments coming from BoE hawk Weale, making the EUR/GBP cross to gain for the week so far a small +0.24%. According to IFRMarkets analysts current “week of choppy consolidation above 0.8500 leaves conflicting tech signals,” adding: “Recent data supports downtrend.”

EUR/GBP key technical levels

Immediate support to the downside for EUR/GBP lies at August 13 lows 0.8534, followed by August 14 lows at 0.8528, and recent new weekly lows at 0.8506. To the upside, closest resistance shows at recent session highs 0.8554, followed by Tues/Wed's weekly highs at 0.8574/78, and August 08 lows at 0.8592.
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