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EUR/GBP slides further below 0.7900

FXStreet (Córdoba) - The euro is falling across the board for the second day and against the pound reveres and erased all gains. EUR/GBP bottomed at 0.7871, reaching the lowest price since October 13.

The pair climbed after Bank of England minutes to 0.7925 (daily high) and then pulled back, accelerating to the downside in the last hours below 0.7900.

EUR/GBP levels to watch

Currently trades around 0.7875/75, where yesterday’s lows lie. To the downside, the next support below daily lows might lie at 0.7850 (Oct 9, 13 low) and 0.7835 (Oct 7 low). On the opposite direction, now 0.7900 has become a resistance followed by 0.7925 (daily high) and 0.7950.

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