EUR/GBP: Euro may face big hurdle around 0.8915-0.8930

  • 0.8915-0.8930 is a bis resistance for the FX pair.
  • Only sustaining above 0.8930, EUR/GBP will jump further.

EUR/GBP is now trading around 0.8823 at mid-New York Session, up by almost 0.30% and so far made a high of 0.8892 on upbeat ECB talks and prospects of German political stability coupled with some dovish BOE jawboning and ongoing concern about a hard Brexit.

Technically, EUR/GBP now has to sustain gains above 0.8930 for further rally towards 0.8996- 0.9020 and the 0.9034-0.9082 area; otherwise sustaining below 0.8915, it may again come down towards 0.8834-0.8806 amd 0.8715-0.8687 price zone in the coming days.



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.