EUR/GBP: bears take back control despite Brexit w/e press

EUR/GBP is offered from highs of 0.8716 to lows of 0.8646 so far.

EUR/GBP has turned since the opening bid in Europe as the pound remained under pressure with ideas in the weekend news of a hard Brexit. However, rallies are sold on such news given the timing and such a scenario still be a long way off. Meanwhile, Draghi was speaking at EU parliament earlier and said the Eurozone recovery has less momentum while the real economy is resilient so far after Brexit vote.

EUR/GBP levels

With spot trading at 0.8673, we can see next resistance ahead at 0.8674 (Hourly 20 EMA), 0.8682 (Yesterday's High), 0.8683 (YTD High), 0.8683 (Annual High) and 0.8683 (3 Year High). Support below can be found at 0.8660 (Daily Open), 0.8659 (Monthly High), 0.8659 (Weekly High), 0.8647 (Daily Low) and 0.8635 (Daily Classic PP).



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