British Pound cheered upbeat labor market and wage data, pushing EUR/GBP into the red to a daily low of 0.7843 levels. Rejected at 0.7872 The cross began trimming gains from a high of 0.7872 levels ahead of the data release as investors were anticipating an improvement in the labor market. Pair fell into losses after data revealed unemployment rate remained at a decade low, while wage growth bettered estimates by printing at 2.2% (excl. bonus) and 2.1% (incl. bonus). However, gains in Sterling were capped by renewed Brexit fears. Consequently, the cross recovered from the post data low of 0.7843 to 0.7857 levels. EUR/GBP Technical Levels The immediate hurdle is seen at 0.7871 (daily high), which if taken out shall expose resistance at 0.7897 (Feb 11 high). On the other hand, a breakdown of immediate support at 0.7845 (Feb 17 low) could see prices drift lower to 0.7808 (5-DMA). For more information, read our latest forex news.