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EUR/GBP Narrows Gap With Key November Support

EUR
  • EUR fades to the day's lowest levels, with EUR/GBP touching 0.8660 to narrow the gap with 0.8650, the early November low and key support.
  • Best volumes of the day go through in EUR futures on the latest move, and accompany the generally dovish tone from Lagarde - although no fresh communication signals in her appearance in front of lawmakers.
  • Soft support in EUR/USD undercuts at 1.0918 - the 38.2% retracement for the recovery off the Nov22 low.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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