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EUR/GBP falls below 0.7850

FXStreet (Córdoba) - After bouncing on Friday EUR/GBP weakened on Monday and dropped below 0.7850. After moving in ranges during most the day, between 0.7875 and 0.7857 the pair broke below 0.7855 and fell to 0.7842, reaching the lowest price since Friday’s European session.

Price continues to hold near 2014 lows and is still moving with a downside bias. After many economic reports from the UK and the referendum in Scotland, the pair could have less volatile days ahead.

EUR/GBP technical levels

Immediate support might be located at 0.7840 and below here attention could turn to 0.7807 (last week low) and 0.7800. To the upside, immediate resistance lies around 0.7875/80 and above here at 0.7910 (September 18 high).

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