The EURGBP continues to test lower, as it gets dragged down by the EURUSD. A further move lower on the EURGBP can be expected, with the momentum the main driver.
While writing this, the EURUSD has reached 1.00 (parity), while the GBPUSD is trading below 1.1970. Some increased volatility can be expected from here as the EURUSD tests the key level.
Next support level on the EURGBP is at 0.8400
While writing this, the EURUSD has reached 1.00 (parity), while the GBPUSD is trading below 1.1970. Some increased volatility can be expected from here as the EURUSD tests the key level.
Next support level on the EURGBP is at 0.8400
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