EUR/GBP Spike to 0,8610 with GBP Flash Crash

FXStreet – It was a surprising move, since the EUR/GBP in a Minute to more than 50 Pips gained. The Pair climbed from the 0,8557 to 0,8612. Currently, the trade takes place at 0,8580, above the level from before the price jump.

The rally was accompanied by a rapid and strong decline of the pound on a broad Front. The GBP/USD lost a few seconds more than 100 Pips, while other currencies remained stable. So far, there is no clear reason for the Mini Flash-Crash is the name.

Important Levels

Resistances lie at 0,8615, 0,8640 and 0,8660 (Tief 15. March). Downward supports are at 0,8560, 0,8545 and 0,8520/25 (daily low).

** FXStreet News Editorial, FXStreet**

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