EUR:
The currency of the Eurozone rose against the dollar as the Euro reached a two-year high on the last day of August. However, recent price action on the back of disappointing Euro CPI data has shown that Euro trade is lower than Pound, bringing a number of key levels into focus.
Technical Perspective:
EURGBP has created a new LL. It may pullback to the previous support and continue going down.
The currency of the Eurozone rose against the dollar as the Euro reached a two-year high on the last day of August. However, recent price action on the back of disappointing Euro CPI data has shown that Euro trade is lower than Pound, bringing a number of key levels into focus.
Technical Perspective:
EURGBP has created a new LL. It may pullback to the previous support and continue going down.
