News

EUR/GBP Price Analysis: Euro pops to 2.5-week highs vs. pound

  • EUR/GBP is breaking to fresh May highs vs. the pound. 
  • Resistance is seen near the 0.8850 price level. 
 

EUR/GBP four-hour chart 

 
EUR/GBP broke above the 0.8800 level and the main SMAs on the four-hour chart. The spot is accelerating to fresh May highs as the bulls are eying the 0.8850 and 0.8900 levels. Support is now seen near 0.8800 level which was previously resistance and at the 0.8760 level.  
 
 
Resistances: 0.8850, 0.8900, 0.8960
Support: 0.8800, 0.8760, 0.8700
 
 
 

Additional key levels

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.