The little swan dive in EUR/JPY finally spilled over into EUR/USD which then spilled over into EUR/GBP.

The ranging between 0.7870 and 0.7900 has been broken so we’ll see if this move manages to push further to the downside and a test of the next support level at 0.7850.

EUR/GBP H4 chart 27 10 2014

EUR/GBP H4 chart 27 10 2014

If we’re going to confirm the break then a test of 0.7870/75 needs to be rebuffed.