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Forex: EUR/GBP falls to 08665, intra-week low

The Euro is trading under pressure on today's session and against the Pound the pair is trading at levels not seen since March 7th at 0.8670. After falling around 70 pips from the 0.8740 to break down the 0.8675, March 8th low, the pair has reached fresh intra-week lows at 0.8665.

Currently the pair is trading at 0.8665, 0.80% below opening price. The pair is slightly bearish according to the FXstreet.com trend index with MACD, CCI and Momentum indicators pointing bearish while the Stochastic is bullish in a 1-hour timeframe.

Next supports come at 8665 (MA21d), 0.8650 and 0.8635. On the upside, a surpass of 0.8793 (high Mar.12) would open the door to the psychological level of 0.8800 and then 0.8815 (2013 high Feb.25).

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