EUR/GBP Update – 08/12/2017 (9:30am) – by Arjun Lakhanpal

EUR/GBP Update – 08/12/2017 (9:30am): EUR/GBP has eroded a major support band, namely the September low at .8746/33 and the 55 week ma at .8730. It has sold off to the 61.8% retracement of the move seen this year at .8697. Risks are on the downside, and it targets the .8530/78.6% retracement of the move seen this year.