EUR GBP Driven to lows in Forex market
9/15/2017 11:24:08 AM
The EUR/GBP cross met refusal around the 0.8900 handle and has now driven to near two-month lows.
Immediate support is fixed near 0.8853-44 area, below which the slip could get expanded towards the 0.8801 handle with some intermediate support near 0.8828 level.
On the upside, any recovery efforts might keep on to oppose some fresh supply near the 0.8910 handle, which if cleared might cause a short-covering rebound towards 0.8937 level on the way 0.8974-85 strong barrier.
FOREX market analysis by FxErvin.