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EUR/GBP falls to 6-day low

FXStreet (Córdoba) - The euro is falling against the pound and the Swiss franc on Monday. EUR/GBP continues to retreated from 0.8045 and dropped recently to 0.7909, reaching the lowest price since Wednesday.

After hitting the low bounced to the upside but the recovery was capped by 0.7930 and moved toward daily lows. The pair remains trading near 0.7900, headed toward the third daily decline in a row.

EUR/GBP continues to retreat

On Friday, EUR/GBP posted the third weekly gain in a row but finished far from the highs. From Wednesday's highs the pair lost 130 pips, making a reversal. To the downside, an important support level lies at 0.7890; a break lower could expose 0.7850.

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