After climbing close to 40 pips in the early part of Monday to a three-day high at 0.8925, the EUR/GBP you have lost all recorded winnings. The pair has returned to the starting point of the day, the daily low 0.8886.
At time of writing, the cross is trading above 0.8889, losing 0.02% daily.
The pound has gained ground driven by the acceleration in the UK vaccination rate, which takes the lead against the rest of Europe. The British Ministry of Health reported today that more than four million people have received the first dose of the vaccine and 452,000 have already received the second dose.
On the economic calendar, traders await tomorrow the German inflation data and the ZEW of economic sentiment for the Eurozone and Germany. The United Kingdom will not publish its inflation until Wednesday, when the CPI of the euro zone will also be known.
Niveles EUR / GBP
The downward bias dominates in the short term, although no further falls are expected as long as the cross remains above 0.8860, main support. To the upside, the 0.8955 zone will be the next resistance before reaching the barrier located between 0.8995 and 0.9000.
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