The EUR/GBP pair trimmed gains to trade around 0.78 handle as the offered tone around Sterling weakened ahead of the UK labor data release. Rejected at 0.7845 The cross turned lower from the four-day high of 0.7845 levels, tracking the recovery in the GBP/USD pair and the uptick in the European stock markets. Moreover, the positive action in the European equities is capping gains in the funding currencies like EUR. The immediate focus now is on the UK labor market report which is expected to show the wage growth slowed in three months to December, while the unemployment report ticked lower. EUR/GBP Technical Levels The immediate hurdle is seen at 0.7845, above which the bulls could take the pair higher to the next major resistance 0.7897 (Feb 11 high). On the other side, support is seen at 0.7773 (hourly 100-MA) which if taken out shall open doors for a slide to 0.7757 (hourly 50-MA). For more information, read our latest forex news.