Down over 1% on the day

The EURGBP breaks to the lowest level since May 2017. The low reached 0.,85627. The pair is currently trading at 0.8578, a change of 1.09% on the day.

EURGBPU down over 1% on the day

Along the way, teh pair has moved below the November 2018 low at 0.8653, the April 2018 low at 0.86203 and the January 2019 swing low at 0.86159.

The price has also fallen below a lower trend line connecting the November and January lows at 0.8599. The 0.8600 level is now close risk for shorts.

Looking at the 4-hour chart, the price decline also fell below a lower trend line at 0.85935. That is close to the trend line on the daily chart at 0.8599 making the area below the 0.8600 the risk level for shorts now...

EURGBP falls below trendline on the 4-hour chart