EUR/GBP erases gains and falls in the direction of day’s low

FXStreet The EUR/GBP moved in the American trade back and erased all of its gains. The Couple listed recently on 0,8415/20 and just above the session lows from the Asian business.

The Euro jumped this Morning after the good inflation data from the Euro zone to the North. The EUR/GBP reached a High of 0,8461. Then the Pair consolidated between 0,8435 and 0,8455 before it slipped in us trade down. The downward movement remains, so far, through day-to-day low at 0,8410 limited.

The currency pair is traded in the week-over-week, is still higher. The bullish Gap between the closing price from last Friday and the Week is still intact. The Euro opened the week with strong gains as a reaction to the French presidential elections.

EUR/GBP – chart technical Outlook

The Pair is currently testing the support area at 0,8410. With a break below losses in the direction of the 0,8400 threaten. Other stop lines are 0,8370 and 0,8300.

In contrast, Resistances at 0,8460 (days high / Low 17. April), 0,8510 (Deep 06. April / 24. April) and 0,8530 (week find).

** FXStreet News Editorial, FXStreet**

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