EUR/GBP at fresh two-year low by Milan Cutkovic

  • EUR/GBP broke below 0.78 earlier amid selling from leveraged names
  • Cable has seen a bit of a bounce earlier, while the Euro remains under pressure
  • The break sub-0.78 suggests we’ll see a test of the 2012 low of 0.7750 soon
  • The pair should be well supported near that level, so it would make sense buying an intraday dip towards it, targeting a move back to 0.7800-20

EURGBP

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