Pound among top performers on Thursday gains also versus US dollar. EUR/GBP corrects lower after rising during four consecutive days. The EUR/GBP is falling on Thursday, correcting lower from weekly highs it reached con Tuesday at 0.8645. Recently it bottomed at 0.8589, the lowest in three days. As of writing, it is hovering around 0.8600, where the 20-day moving average stands. The euro is ending a four-day streak of gains versus the pound. With EUR/USD trading at monthly lows below 1.1800, the euro could weaken further. At the same time, GBP/USD is still in positive territory for the day. The deterioration in market sentiment is not affecting the pound that is among the top performers on Thursday. A conciliatory tone between the United Kingdom and the European Union on vaccine distribution appears to be helping the currency. European Union leaders are meeting to discuss the vaccination, not only about exports but also on speeding up the process. From a technical perspective, the EUR/GBP remains in a medium-term bearish trend. In the short-term, it was correcting higher. The move to the upside lost momentum after approaching 0.8650 and after being unable to hold above 0.8630. If the euro recovers levels on above 0.8630, it could strengthen further. On the flip side, a consolidation under would suggest a potential end of the correction, favoring a consolidation between 0.8630 and 0.8575. The downside’s critical support is seen at 0.8545/50 (March 9, 10, and 11 low). Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Jobless Claims: A definitive step in the right direction – Wells Fargo FX Street 1 year Pound among top performers on Thursday gains also versus US dollar. EUR/GBP corrects lower after rising during four consecutive days. The EUR/GBP is falling on Thursday, correcting lower from weekly highs it reached con Tuesday at 0.8645. Recently it bottomed at 0.8589, the lowest in three days. As of writing, it is hovering around 0.8600, where the 20-day moving average stands. The euro is ending a four-day streak of gains versus the pound. With EUR/USD trading at monthly lows below 1.1800, the euro could weaken further. At the same time, GBP/USD is still in positive territory for… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.