- The pound improves the tone before less restrictions towards the United Kingdom.
- Advances for Brexit are exciting, but the agreement has not yet arrived.
He EUR / GBP is falling modestly on Wednesday, as the pound rallies in the market. The cross hit three-day lows at 0.9063, and is trading 0.9080 / 85.
The European stocks rose slightly due to optimism about Brexit and the reopening of borders between France and the United Kingdom. Fears of the new strain of coronavirus circulating in the UK have eased, helping the EUR / GBP lower.
From a technical point of view, the euro showed many difficulties in positioning itself for a bullish extension. Once again the EUR / GBP was rejected from levels above 0.9150, favoring the subsequent retracement0. If there is a close above 0.9150, the euro would be ready to extend the bullish run.
On the downside, the next strong support for EUR / GBP appears at 0.9035 where the daily moving averages of 20 and 55 days pass. Below, the pound would be strengthened from a technical point of view.
Technical levels
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