FXStreet – The weaker sentiment towards the single currency dropped the EUR/GBP on Wednesday, so the trade at the lower end of the daily range of 0,8620/10.
EUR/GBP on the 2-day low
The European Pair fell today under selling pressure and the price drops to the 2. Day in a row, after the 2-month high on Monday at 0,8680 was formed.
The British pound was able to leave the initial weakness behind, which was to be Offered in the EUR/GBP.
The positive Euro-zone PMI and German IFO survey results supported yesterday the GBP, but this effect was. On the other side of the Sterling from the shock of the terrorist attack in Manchester, and the concerns of the EU-UK negotiations in connection with the Brexit, Bill recovered.
• Expiring FX options of today’s NY trading
EUR/GBP technical levels
Currently, the daily loss -0,22% 0,8611 and the next Resistances is at 0,8596 (200-day SMA), 0,8548 (55-day SMA) and 0,8521 (High 18. May). On the other hand, Resistances can be found at 0,8679 (High-23. May), 0,8738 (High 29. March) and 0,8788 (High 14. March).
** FXStreet News Editorial, FXStreet**