- 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.
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
Share
