Forex Trading: GBP supported, EUR pressured

The EURGBP has come under pressure this morning as the data out of the regions today were supportive to the GBP (-0.2% versus expectation of -0.5%) and not to the EUR (Industrial New Orders down -1.0 MoM and -2.5% YoY). 

The EURGBP which has been rising, ran into profit taking which pushed the pair sharply lower through trendline support at the 0.7964 then the 100 bar moving average on the 4 hour cahrt at 0.7943.  The next real support comes in at 0.7910.