Spotlight on EURGBP. The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.

EUR/GBP

Looking at EURGBP’s Chart, we can see the fall from the 0.852 range on the 14th of May to the 0.84 range where it formed to support, bouncing up in the 0.844 range and then 0.848 range having the closest support level around the 0.846 range and closest overhead resistance of 0.854.

Today, we can expect a move towards the 0.854 range, challenging the overhead resistance.

If however, it doesn’t manage to hold to the current level then a move below the 0.846 range can be expected.

EURGBP

Trading is risky. Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading strategy. We also offer CFD products. 69.23% of retail CFD accounts lose money. CFDs trading is risky and your entire capital might be at risk. Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading strategy.

Feed news Join Telegram

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD trades around 0.7020 ahead of critical Australian data

AUD/USD trades around 0.7020 ahead of critical Australian data

The AUD/USD pair recovered from an intraday slide below the 0.7000 threshold, but there is no follow through. Australian Westpac Leading Index and Q2 Wage Price Index  coming up next.

AUD/USD News

EURUSD under pressure trading at around 1.0160

EURUSD under pressure trading at around 1.0160

The shared currency is among the weakest dollar’s rivals amid more signs of an economic setback in the Union, exacerbated by the steepening energy crisis. Firmer yields continue to support the dollar.

EUR/USD News

Gold is losing its shine sub-$1,800

Gold is losing its shine sub-$1,800

Spot gold remains under selling pressure, trading around $1,775 a troy ounce. The greenback maintained its strong footing throughout the first half of the day as market players remain cautious amid recession concerns.  

Gold News

Top 3 Cryptos Price Prediction: No FUD, just charts

Top 3 Cryptos Price Prediction: No FUD, just charts

The crypto market is in a make-or-break phase. Key levels have been identified to qualify potential bull run and bear run scenarios.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!

BECOME PREMIUM

Majors

Cryptocurrencies

Signatures