Technical Analysis

Pound tumbles -1.7% against the euro in biggest decline in a year

EURGBP now at daily EMA resistance levels

Reuters flagging up that the GBP has now had it’s largest decline in more than a year agains the euro. The collection of 100 and 200 EMA’s on the daily chart are providing some temporary resistance and the daily trend line sits above that at 0.8877. 

On the four hour chart price has burst through the 200 EMA and that now acts as support for now. 

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