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.

 

 

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