EUR/GBP falls hard to 0.8375

FXstreet.com (San Francisco) - As the Euro is trading under pressure amid Praet comments on negative rates or QE plans for the ECB, the EUR/GBP is heading south too and now it is testing fresh intra-day lows around 0.8375 again.

After falling around 40 pips from 0.8415, the EUR/GBP is now trading at 0.8375, 0.76% negative on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 1-hour chart. MACD, CCI and momentum indicators are pointing to the south while the stochastic is bullish.

EUR/GBP technicals

Bellow the 0.8375, next supports are at 0.8355 and 0.8335. On the upside, resistances are at 0.8415, 0.8450 and 0.8460.