FxWirePro: EUR/GBP weakness extends into European session, eyes 20 DMA support at 0.7310
EUR/GBP has retraced almost all of yesterday's gains from 0.7411, and is currently eyeing minor support by 20DMA at 0.7310 Euro remains heavily offered versus the greenback in a data-quiet European session, while the Ste…
EUR/GBP has retraced almost all of yesterday's gains from 0.7411, and is currently eyeing minor support by 20DMA at 0.7310
Euro remains heavily offered versus the greenback in a data-quiet European session, while the Sterling stands relatively resilient to the broad based US dollar strength
A plethora of Moving Averages from 0.7311-0.7284 could offer support, a minor bounce may ensue
However breaks below 20 DMA at 0.7310 could see the pair test 200 DMA at 0.7299 and then 30 DMA at 0.7284 in sight
