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FXStreet (Mumbai) - The EUR is being offered in the early European session, thereby pushing the EUR/GBP pair to a fresh session low of 0.7173 levels.
Greece news weighs
The fresh selling pressure was triggered by the news that the European Central Bank (ECB) is considering putting curbs on Greek bank support if Greece reforms fail to secure bailout funds. Moreover, the ECB is currently underwriting Greek day-to-day survival of the banks.
Ahead in the data, the pair could be influenced by the German and Eurozone Zew survey, which could show an improvement in the economic sentiment index in April.
EUR/GBP Technical Levels
The immediate support is located at 0.7162 (Apr. 16 low), under which losses could be extended to 0.7100. On the flip side, a rise above 0.7212 (10-DMA) could push the pair higher to 0.7245 (50-DMA).
