EUR/GBP Outlook: Fresh Weakness Breaks Below 200DMA Which Held Bears for More than One Week

<p>The cross eventually broke below key support at 0.8746 (200DMA / Fibo 61.8% of 0.8281/0.9498 rally) which kept the action in past seven days, containing multiple attacks. Fresh risk aversion pushed the Euro lower in the US session on Monday, while sterling kept firm tone and holding around cracked 1.25 mark against the dollar. Close […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/286815-eur-gbp-outlook-fresh-weakness-breaks-below-200dma-which-held-bears-for-more-than-one-week/">EUR/GBP Outlook: Fresh Weakness Breaks Below 200DMA Which Held Bears for More than One Week</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>