Forex: EUR/GBP trading at daily low
Forex pairs in this Article »
EUR/GBP
FXstreet.com (Barcelona) - EURGBP has declined to post a daily low at 0.8379 and looks to be remaining under pressure.
Despite making a midday high at 0.8420, the pair has declined to break through the hourly 100 MA which had previously provided support both today and yesterday. Further, the 5 MA looks to be crossing to the downside as RSI, at 40, edges lower. It has been a day where GBP came into focus following dovish BoE commentary yesterday, PM Cameron's Europe speech and economic data which saw a decline in unemployment and wages.
Despite making a midday high at 0.8420, the pair has declined to break through the hourly 100 MA which had previously provided support both today and yesterday. Further, the 5 MA looks to be crossing to the downside as RSI, at 40, edges lower. It has been a day where GBP came into focus following dovish BoE commentary yesterday, PM Cameron's Europe speech and economic data which saw a decline in unemployment and wages.
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