EUR/GBP bounces from below 0.8500

FXstreet.com (Córdoba) - With the Sterling as one of the top performers, the EUR/GBP fell to a fresh 2-week low sub 0.8500 during the European session. However, the euro managed to trim losses at the beginning of the American session, supported by EUR/USD gains.

EUR/GBP bounced from a low of 0.8495 and rose back to the 0.8520 zone in recent dealings. At time of writing, EUR/GBP is trading at the 0.8515 area, where it is still down 0.3% on the day.

As for technical levels, immediate resistances are seen at 0.8520 (intraday level) and 0.8545 (daily high), while supports could be found at 0.8495 (daily low) and 0.8475 (May 14 low).