Home EUR/GBP Price Analysis: Euro pops to 2.5-week highs vs. pound

EUR/GBP Price Analysis: Euro pops to 2.5-week highs vs. pound

Published date: 12 May. 2020 | 16:42

EUR/GBP is breaking to fresh May highs vs. the pound.
Resistance is seen near the 0.8850 price level.

EUR/GBP four-hour chart

EUR/GBP broke above the 0.8800 level and the main SMAs on the four-hour chart. The spot is accelerating to fresh May highs as the bulls are eying the 0.8850 and 0.8900 levels. Support is now seen near 0.8800 level which was previously resistance and at the 0.8760 level.

Resistances: 0.8850, 0.8900, 0.8960

Support: 0.8800, 0.8760, 0.8700

Additional key levels

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