Currency Analyst since 2010

EUR/GBP: negative picture

EUR/GBP slid today below the 100-day MA (0.8540) and the daily Ichimoku Cloud (0.8535). The picture looks quite negative. Euro is now testing yesterday’s low at 0.8527. A slide below this point might provoke a decline to 0.8485/70 and then possibly to 0.8450/00.

Chart. Daily EUR/GBP

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