FxWirePro: EUR/GBP breaks channel support, hits fresh multi week lows
EUR/GBP fell to multi-week lows, hit 0.7196, levels not seen since Aug 21st 2015 EUR continues to be sold across the board from Europe open, furthering downside in the pair Contrasting BoE/ECB monetary policy outlooks we…
EUR/GBP fell to multi-week lows, hit 0.7196, levels not seen since Aug 21st 2015
EUR continues to be sold across the board from Europe open, furthering downside in the pair
Contrasting BoE/ECB monetary policy outlooks weigh, Volkswagen woes are another EUR-negative
Volkswagen shares fall nearly 20 pct; market cap down 14 bln euros, as U.S. widens probe on emissions scandal
EUR/GBP has edged higher, paring some losses and is currently trading at 0.7214, with immediate support at 0.7196 (session low Sept 22) and then at 0.7179 (100 DMA)
Downside is beginning to look overstretched, stochs on 4-hour charts are closing in on oversold levels
Short-term bounce back is likely, good to buy dips around 0.7210, SL: 0.7180, TP: 0.7250
