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EUR/GBP - Weakening

EUR/GBP keeps on declining. The technical structure still shows a clear negative pattern. Hourly support lies at at 0.6982 (17/11/2015 low) has been broken. Resistance can be found at 0.7199 (30/10/2015 high). Expected to further consolidate below 0.7000.

In the long-term, prices are in an underlying declining trend. The general oversold conditions suggest a limited medium-term downside potential. A key resistance lies at 0.7592 (03/02/2015 high).

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