EURGBP is also a key technical level….

100 and 200 hour MA and 50%The fall has been sharp and unrelenting (for the most part), but the EURGBP is at a pretty key level.

The 100 and 200 hour MAs are being tested as is the 50% of the move up from the week’s low to the week’s high (at 0.8934-39). It is the 4 PM London fixing. It is Friday. So the liqudiity flows can mess with the market now, but this is a key technical support level.  Article Source

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