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GBP: EURGBP through new multi Years low

GBP
  • Despite the pressure in the Pound against the Dollar, EURGBP is extending through the initial supports noted at the 0.8383/0.8377 area.
  • The French and German PMIs misses are keeping the pressure on the EUR.
    Next support in EURGBP now comes at 0.8340 Low Aug 2 ‘22.
  • EURUSD makes another attempt at the figure, and next support in the most traded pair will now be seen at 1.1088 (20 day EMA).
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  • Despite the pressure in the Pound against the Dollar, EURGBP is extending through the initial supports noted at the 0.8383/0.8377 area.
  • The French and German PMIs misses are keeping the pressure on the EUR.
    Next support in EURGBP now comes at 0.8340 Low Aug 2 ‘22.
  • EURUSD makes another attempt at the figure, and next support in the most traded pair will now be seen at 1.1088 (20 day EMA).