{"id":108160,"date":"2021-02-02T18:14:37","date_gmt":"2021-02-02T18:14:37","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108160"},"modified":"2021-02-02T18:14:37","modified_gmt":"2021-02-02T18:14:37","slug":"105340-eur-gbp-breaking-lower-more-losses-possible","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105340-eur-gbp-breaking-lower-more-losses-possible\/","title":{"rendered":"EUR\/GBP Breaking Lower, More Losses Possible"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">EUR\/GBP<\/span><span style=\"font-weight: 400;\"> looks technically weak following steep falls in recent weeks.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">EUR\/GBP trades at an almost 9 month low, further drops likely..<\/span><\/li>\n<\/ul>\n<p><b>EUR\/GBP AT RISK OF FURTHER LOSSES<\/b><\/p>\n<p><span style=\"font-weight: 400;\">EUR<\/span><span style=\"font-weight: 400;\">\/<\/span><span style=\"font-weight: 400;\">GBP<\/span><span style=\"font-weight: 400;\"> has broken meaningfully below the support line of a symmetrical triangle pattern which dates back to the end of April last year. The pair now trades at its lowest level since May 11, 2020. Even so, further losses could still be on the cards given that there is little support ahead of 0.8671 on the low from April 30.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Euro weakness and Sterling strength, amid poor Eurozone economic data such as a -9.6% decline in German retail sales. Meanwhile, a fast coronavirus vaccination program in the UK has raised hopes of an economic recovery.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/GBP looks technically weak following steep falls in recent weeks. EUR\/GBP trades at an almost 9 month low, further drops likely.. EUR\/GBP AT RISK OF FURTHER LOSSES EUR\/GBP has broken meaningfully below the support line of a symmetrical triangle pattern which dates back to the end of April last year. The pair now trades at [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5573,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,2649,1394],"class_list":{"0":"post-108160","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-eur","10":"tag-eur-gbp","11":"tag-gbp"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/GBP Breaking Lower, More Losses Possible - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/105340-eur-gbp-breaking-lower-more-losses-possible\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105340-eur-gbp-breaking-lower-more-losses-possible\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105340-eur-gbp-breaking-lower-more-losses-possible\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/GBP Breaking Lower, More Losses Possible\",\"datePublished\":\"2021-02-02T18:14:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105340-eur-gbp-breaking-lower-more-losses-possible\\\/\"},\"wordCount\":129,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105340-eur-gbp-breaking-lower-more-losses-possible\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100626-gbp-eur-johnson-brexit-rivals-gain.jpg\",\"keywords\":[\"eur\",\"eur\\\/gbp\",\"gbp\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105340-eur-gbp-breaking-lower-more-losses-possible\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105340-eur-gbp-breaking-lower-more-losses-possible\\\/\",\"name\":\"EUR\\\/GBP Breaking Lower, More Losses Possible - 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