EUR/GBP has faced significant selling pressure following a brief recovery attempt on Monday. The currency pair struggled to maintain momentum, encountering resistance near the 0.8740 level before sharply retreating in European trading. At the time of writing, the exchange rate stands at 0.8710, just above the two-month lows of 0.8705.
This recent downturn reflects ongoing bearish sentiment for the Euro as traders closely monitor market developments. With support now focused around the 0.8700 threshold, any sustained break below this level could signal further weakness for the EUR against the GBP. As the market navigates these fluctuations, the implications for future trading strategies remain crucial, especially amid broader economic influences affecting both currencies.
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Data Source: FX Killer Analysis Team Updated: 2025-12-29 12:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.