EUR/GBP Technical Analysis: Brexit fears keeping the GBP in place

  • Sideways movement continues, though the early week saw the Euro clip higher following Brexit ministers' protest resignations.
  • Brexit concerns are keeping the Sterling constrained, while the Euro sees limited gains against a strong Greenback.
  • 0.8850 remains a key level for the EUR/GBP, has remained near the level for over 40 weeks.

EUR/GBP Chart, 15-Minute

Spot rate:  0.8847
Relative change:  0.02%
High:  0.8853
Low:  0.8834
   
Trend:  Sideways
   
Support 1:  0.8834 (current day low)
Support 2:  0.8820 (previous day low)
Support 3:  0.8812 (current week low)
   
Resistance 1:  0.8853 (current day high)
Resistance 2:  0.8860 (July 11th swing high)
Resistance 3:  0.8900 (current week high; major technical level)

 

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