The single currency is down around 12% so far this year, and has shed almost 3% in August. EU PMI data showed that business activity in Europe contracted less than forecast in August, though the outlook was still bleak.

As long as the EURGBP pair stays below 0.8488 on a daily basis, we will follow the support level at 0.8415. On the other hand, if the price goes beyond 0.8488, the resistance level will be at 0.8415.

Support: 0.8415
Resistance: 0.8488 - 0.8535 - 0.8626

24 Aug 22 (Wed)

03:31 am