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Forex pairs in this Article » EUR/GBP (London) - EUR/GBP has moved lower again during the press conference as the ECB, for the first time, said that rates will either remain at present or lower levels over an extended period of time, given the broad based weakness in the economy and within a strategy consistent to their two pillar strategy.

However, he will not explain what an extended period of time is. But he did indicate more than 6 or 12 months when he was pressured by the press. He also said the decision was unanimous to keep rates at hold and also in respect of new forward guidance.

EUR/GBP at key pivot

EUR/GBP is sitting on the key pivot point at 0.8550. Next support comes in at 0.8500, 0.8470, 0.8430 and 0.8400. Resistance 0.8610, 0.8635 and 0.8650.
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