FXStreet (Mumbai) - The EUR/GBP pair is trading in the sideways manner around 0.72 handle ahead of the US non-farm payrolls figure. EUR has an upper hand over GBP The EUR could turn out to be a major performer in case the NP prints horribly weak and triggers a major shift/drop in the December rate hike bets. After the ECB’s disappointment, the EUR bears are demoralized and thus doors are open for further unwinding of EUR shorts/fresh EUR longs. Meanwhile, the GBP is heading on a relatively weak note; courtesy of dismal PMI numbers released earlier this week. At the moment, the EUR/GBP is trading around 0.7205 levels. EUR/GBP Technical Levels The pair faces a strong support around 0.7199-0.7155 (confluence of 50-DMA, 100-DMA and 200-DMA), under which the pair could target 0.7145 (61.8% of 0.6930-0.7493). On the other side, resistance is seen at 0.7251 (previous day’s high), above which the pair could target 0.7200. For more information, read our latest forex news.