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EUR/GBP sliding down before the UK PMI

FXStreet (Moscow) - EUR/GBP opened the day at 0.7839, wiggled around during the Asian trades, before a failed attempt to break above 0.7861; it slid to current 0.7842.

Today the cross may get another chance to come closer to 0.78, as the UK releases Services PMI report. The previous two PMI releases painted mixed picture, with Manufacturing coming out above expectations, and Construction disappointing the market. If this time the index meets or exceeds the expectations, it may pressure the cross, sending it to the nearest resistance at 0.7818 support followed by 0.7793 if broken.

What are today’s key EUR/GBP levels?

Today's central pivot point can be found at 0.7836 with support below at 0.7818, 0.7793, and 0.7775, with resistance above at 0.7861, 0.7879, and 0.7904. Hourly Moving Averages are mixed, with the 200SMA bearish at 0.7866 and the daily 20EMA bearish at 0.7878. Hourly RSI is bullish at 60.

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