EUR/GBP falls to 0.7930, fresh 21-month low

By FXstreet.com | July 03, 2014 AAA

FXStreet (Córdoba) - The EUR/GBP rose initially after the ECB decision to 0.7974, hitting a fresh daily high but then bounced sharply to the downside falling 40 pips in less than two hours. The pair bottomed recently at 0.7930, reaching the lowest price since September 27, 2012.



A strong Pound pushed the EUR/GBP to the downside, that is now headed toward the third daily decline in a row, falling further after breaking below 0.8000 yesterday.



EUR/GBP technical levels



To the upside, immediate resistance lies at 0.7955 and above here at 0.7990 and 0.8035. To the downside, immediate support lies at daily lows around 0.7930 and below there at 0.7900.



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