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Forex: EUR/GBP in lows around 0.8530/35

FXstreet.com (Barcelona) - After bottoming in the area of 0.8520, the pair now managed to climb back to 0.8530/35 although the negative tone prevails so far. Poor data from the manufacturing sector in Germany and the EMU are weighting on the cross, partially counterbalanced by weak results from the UK public sector finances.

At the moment, the pair is down 0.16% at 0.8530 facing the next support at 0.8510 (MA21d) ahead of 0.8503 (low Apr.19) and finally 0.8495 (low Apr.12).
On the upside, a surpass of 0.8592 (high Apr.22) would bring 0.8637 (high Apr.17) and then 0.8647 (61.8% of 0.8793-0.8412).

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