The euro continues to bleed lower and breaking support at 0.7900. EUR/USD down also to support I highlighted starting around 1.2743. The low there, 1.2745.
There’s been an old S&R level here around 0.7890 so we’ll need to see that taken out for a push lower. If we do then decent support comes in next at 0.7850.
EUR/GBP Daily chart 21 10 2014
At the moment cable is holding up as the euro slides so the pressure is on. Watch for 0.7900 to become resistance ahead of 0.7910 and 0.7920.
