FXStreet The EUR/GBP failed his initial slight recovery to expand and so it went back to the new 3-week low below 0,8400.
The offers to the Few this week that the trade is already the 4. Day in a row with bearish prospects, whereas optimism is let to the single currency in accordance with the Pro-EU Emmanuel Macron victory in the French presidential elections on Sunday.
The PMI reports, the UK could not convince in the last week and also the latest BRC Like-for-Like Sales for April 2017 was better than expected, which speaks to the resilience of the British economy, and although you Worry about the Brexit negotiations.
The focus of investors is on Wednesday on the ECB President Draghi’s speech and it should comments on the monetary policy of the Central Bank, so this can be substituted for volatility in the Euro pairs.
Supports lie at 0,8375/70, 0,8350 and 0,8315. On the other hand, Resistances can be found at 0,8415, 0,8455/60 and 0.85.
** FXStreet News Editorial, FXStreet**
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