Forex: EUR/GBP holds support after daily decline
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EUR/GBP
FXstreet.com (Barcelona) - Having decline from a morning high at 0.8440, EURGBP has found support at the hourly 100 MA at 0.8374, after posting a daily low at 0.8364.
The decline saw spot find support at Fibonacci S2 at 0.8375, before climbing to where it is currently trading at 0.8388. Hourly RSI is currently trading at 43 and looks to have halted its downward plunge. Calendar wise, US data has come in softly this afternoon with Existing Home Sales and Richmond Manufacturing disappointing on analysts expectations. Ahead we have ECB President Draghi's speech at 18:00 GMT.
The decline saw spot find support at Fibonacci S2 at 0.8375, before climbing to where it is currently trading at 0.8388. Hourly RSI is currently trading at 43 and looks to have halted its downward plunge. Calendar wise, US data has come in softly this afternoon with Existing Home Sales and Richmond Manufacturing disappointing on analysts expectations. Ahead we have ECB President Draghi's speech at 18:00 GMT.
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