Forex: EUR/GBP – marked retreat from 0.8600

on Jul 3, 2013
Listen Wednesday July 03rd_: After yesterday reaching a high of 0.8592, the pair started to fall and ultimately registered a loss of 0.23 percent for the day.

Today in Sydney trading the pair rose again to 0.8573 but the advance stalled when the European session opened and has been dropping since. The lowest point reached thus far today is at 0.8481. At the moment the quote is at 0.8495.
If the descent passes through 0.8468, the pair will likely test 0.8400 first before moving on to 0.8360.
Resistances: 0.8510, 0.8540 and 0.8570.
Supports: 0.8490, 0.8480 and 0.8470.
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