EUR/GBP hits 5-day low

FXstreet.com (Córdoba) - The EUR/GBP extended its decline into a second day Monday, and dipped to a 5-day low sub-0.8500 as the pound continues to outperform its European peers.

EUR/GBP remains below 0.8500

Having started the week below 0.8500, EUR/GBP fell to a low of 0.8474 but found support and it was last virtually unchanged on the day at the 0.8480 region. As for technical levels, the Mataf.net analyst team locates next supports at 0.8470 and 0.8460, while they see resistances at 0.8495, 0.8510 and 0.8535.