By DailyFX.com...
TECHNICAL ANALYSIS: EURGBP
- EURGBP is now testing critical support at 0.9039
- Will break below price floor could trigger selloff?
- Was EU politics behind GBP spike, EUR decline?
After climbing for 14 consecutive weeks, EURGBP has declined over three percent after reaching its 3-year peak in early August. The pair is now testing key support at 0.9039 after breaking below two of the other support-now-turned resistance levels. A break below 0.9039 with follow-through could trigger a selloff and amplify the pair’s retreat. Read More...