The Euro has resumed its bearish trend against the British Pound, with the EUR/GBP currency pair testing critical support at 0.8780. This downward movement follows disappointing German GDP data, which has intensified concerns about the Eurozone's economic outlook. Traders are closely monitoring this level, as a break below could signal further declines.
As the exchange rate hovers near 0.8765, market sentiment remains fragile. With the potential for increased volatility, traders should assess their positions carefully, especially in light of ongoing economic indicators from the Eurozone and the broader impact of USD fluctuations. The current price action reflects a cautious approach among investors as they navigate these challenging market conditions.
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Data Source: FX Killer Analysis Team Updated: 2025-11-25 09:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.