EUR/GBP at 1-month lows, eyes 0.7200

By FXStreet FXStreet (Córdoba) – The euro dropped further during the American session across the board and versus the pound dropped to the lowest level in a month. EUR/GBP bottomed at 0.7213, hitting the lowest since August 21.

The euro is among the worst performers in the market and is trading near the lows across the board as EUR/USD is back below 1.1200.

EUR/GBP breaking important support

The pair dropped below the 0.7235/40 zone that capped the decline during the previous weeks. EUR/GBP moved in sideways since late August and today is breaking to lower limit of the range.

The pair has been able to find support around 0.7210/15; below here it could open the doors for a slide toward 0.7170. On the opposite direction, now 0.7240 is the immediate resistance followed by 0.7285 (daily high).
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Source:: FX Street