EUR/GBP technical analysis: Euro hits a new intraday 2019 high against the Pound

EUR/GBP is consolidating below the 0.9300 figure.
The retracement down can extend towards 0.9245 and 0.9230 levels in the short term.

Flavio Tosti Independent Analyst

EUR/GBP daily chart

EUR/GBP reached (yet again) a new 2019 high this Monday as the bulls hit 0.9326 on an intraday basis. The market almost reached the August 29, 2017 high at the 0.9307 level.

EUR/GBP 4-hour chart

EUR/GBP is trading above its primary SMAs, suggesting bullish momentum in the near term. Their objective is to break above 0.9305 to reach 0.9371 on the way up, according to the Technical Confluences Indicator.

EUR/GBP 30-minute chart

EUR/GBP is correcting down below the 0.9230 resistance and the 50 SMA. The pullbacks down could find potential supports at 0.9245 and the 0.9230 level, according to the Technical Confluences Indicator.

Additional key levels

EUR/GBP

Overview
Today last price	0.9287
Today Daily Change	-0.0024
Today Daily Change %	-0.26
Today daily open	0.9311

Trends
Daily SMA20	0.9085
Daily SMA50	0.8993
Daily SMA100	0.8825
Daily SMA200	0.8814

Levels
Previous Daily High	0.9318
Previous Daily Low	0.9207
Previous Weekly High	0.9318
Previous Weekly Low	0.9132
Previous Monthly High	0.9192
Previous Monthly Low	0.8892
Daily Fibonacci 38.2%	0.9276
Daily Fibonacci 61.8%	0.9249
Daily Pivot Point S1	0.9239
Daily Pivot Point S2	0.9168
Daily Pivot Point S3	0.9128
Daily Pivot Point R1	0.935
Daily Pivot Point R2	0.939
Daily Pivot Point R3	0.9461

Author

Flavio Tosti

Independent Analyst

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.