Euro Pushes Lower Against GBP
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK (fxtechstrategy.com) -- With a follow-through lower and a test of its key support at 0.8263 on Wednesday, risk of further declines for EUR-GBP cannot be ruled out. In such a case, below the 0.8263 level will set the stage for move further lower toward its August 2010 low at 0.8141.
Further down, support comes in at its 2010 low at 0.8066. Its daily RSI is bearish and pointing lower supporting this view.
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