Back
30 Jul 2019
EUR/GBP technical analysis: Euro keeps going against the Sterling, approaching the 0.9200 figure
- EUR/GBP is extending gains on the back of Sterling weakness.
- The levels to beat for buyers are the 0.9198 and 0.9228 level.
EUR/GBP daily chart
EUR/GBP is on fire as the market reached a new 2019 high this Tuesday. On Monday UK’s Prime Minister, Boris Johnson opened the doors for a no-deal Brexit, sending Sterling down across the board.
EUR/GBP 4-hour chart
EUR/GBP is spiking above its main simple moving averages. The buyers are in control. Their goal is to drive the market towards 0.9198 and the 0.9228 resistance, according to the Technical Confluences Indicator.
EUR/GBP 30-minute chart
EUR/GBP is consolidating the recent gains above its main SMAs. Retracement could find supports at 0.9150, 0.9120 or 0.9110, according to the Technical Confluences Indicator.
Additional key levels