FXstreet.com (Córdoba) - The euro fell sharply against the pound, reversing Friday's gains and approaching the 0.8000 level as optimism over the EU summit started to wane after Finland and the Netherlands opposed a plan for the ESM to buy bonds in the secondary market.
EUR/GBP fell to a low of 0.8012 but managed to find buyers at that level and bounced slightly to currently quote around 0.8025, still recording a 0.7% loss on the day.
As for technical levels, immediate supports for EUR/GBP are seen at 0.8010, 0.7990 and 0.7970, while on the flip side resistances could be faced at 0.8050, 0.8075 and the 0.8095/0.8100 zone.
EUR/GBP fell to a low of 0.8012 but managed to find buyers at that level and bounced slightly to currently quote around 0.8025, still recording a 0.7% loss on the day.
As for technical levels, immediate supports for EUR/GBP are seen at 0.8010, 0.7990 and 0.7970, while on the flip side resistances could be faced at 0.8050, 0.8075 and the 0.8095/0.8100 zone.
