FXstreet.com (Córdoba) - The euro fell to its lowest level in over 3 ½ years against the pound as risk aversion intensified after weaker than expected US employment data, with the shared currency still suffering the effects of the ECB move on Thursday.
EUR/GBP broke below the 0.7960 support zone and stretched toward its lowest since November 2008 at 0.7942. At time of writing, the cross is quoting at the 0.7950 zone, recording a 0.4% loss on the day.
In terms of technical levels, next supports are seen at 0.7940, 0.7920 and 0.7900, while resistances could be found at 0.7970, 0.7985 and 0.8000.
EUR/GBP broke below the 0.7960 support zone and stretched toward its lowest since November 2008 at 0.7942. At time of writing, the cross is quoting at the 0.7950 zone, recording a 0.4% loss on the day.
In terms of technical levels, next supports are seen at 0.7940, 0.7920 and 0.7900, while resistances could be found at 0.7970, 0.7985 and 0.8000.
