FxWirePro: EUR/GBP off from Friday's 8 year low, but correction likely to be small

• GBP appears attractive against the low-yielding European currencies and is likely to continue its outperformance in the near term
  
  
• The common currency is finding some support in the European session and EUR/GBP is off Friday's 8 year low by 0.6935 
  
  
• The pair is currently trading at 0.69527, with a high of 0.69357 and a low of 0.69357
  
  
• EUR/GBP correction is likely to be small, next support lies at 0.6935 (8 Year Low Jul 17), resistance is located at 0.6989 (Daily High July 17)

Resistance Levels:

R3: 0.7068 (Daily High Jul 15)

R2: 0.7008 (Daily High Jul 16)

R1: 0.6989 (Daily High July 17)
 
Support Levels: 

S1: 0.6935 (8 Year Low Jul 17)

S2: 0.6920 (Monthly Low Nov 2007)

S3: 0.6894  (Monthly Low Oct 2007)