EUR/GBP Showing Signs of Decline

The EUR is losing vs GBP. The price has made 4 consecutive lower highs and this is the sign of continuation decline. We could see a retest of 0.8580 zone which could be good for positional shorts. Targets are 0.8560 followed by 0.8550 as the main support. If the price breaks 0.8550 watch for 0.8510.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad