News

EUR/GBP technical analysis: Euro hits a new 2019 high against Sterling as no-deal Brexit looms

  • EUR/GBP is up more than 130 pips this Monday as UK's PM Boris Johnson gets ready for a no-deal Brexit.
  • The levels to beat for buyers are the 0.9121, 0.9149 and 0.9197.
 
 

EUR/GBP daily chart

 
 
 
EUR/GBP is on the rise as the market reached a new 2019 high. UK’s Prime Minister, Boris Johnson is setting the stage for a no-deal Brexit, sending GBP down across the board. 
 

EUR/GBP 4-hour chart

 
 
 
The market is trading up sharply above its main simple moving averages. The bulls are in control as they likely intend to drive the market towards 0.9121, 0.9149 and 0.9197 resistance, according to the Technical Confluences Indicator.
 

EUR/GBP 30-minute chart

 
 
 
EUR/GBP is firmly up. Pullbacks could find potential supports at 0.9097, 0.9078 or 0.9031, according to the Technical Confluences Indicator.
 
 
 
 
 

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.