EURGBP keeps ripping so let's have a look at the wider picture
The first big hurdle for the pair comes right here at 0.7600 and then at 0.7618 and the 100 WMA
EURGBP weekly chart
Next is the 61.8 fib of the Sep 2024 drop at 0.7633 and then the 38.2 fib of the Feb 2013 swing down (I've not added that to the chart above). 0.7695/0.07700 marks another strong looking level but the strongest one I'm looking at is the 0.7750/75 area. That's the sort of level I'd be looking to short from a technical perspective to hold for a while
Support now should show around 0.7550 and 0.7500 now becomes even better support and a level I'd be happy buying from
Naturally cable is suffering under this move and stands to feel even more pain over the BOE up soon
