- EUR/GBP melts down about 55 pips and revisits weekly lows as UK Members of Parliament are voting on Lords amendments to the European Union withdrawal bill. More info here: Brexit: FX market outlook & strategy looks to 0.8965 or 0.8700 – TDS.
- The trend is rather neutral as EUR/GBP is likely to consolidate the recent sell-off in the coming hours.
EUR/GBP 15-minute chart
Spot rate: 0.8788
Relative change: -0.23%
High: 0.8833
Low: 0.8776
Trend: Neutral
Resistance 1: 0.8790 demand/supply level
Resistance 2: 0.8839-0.8844 area, 200-day SMA and 6 week’s high
Resistance 3: 0.8869 weekly 50-period SMA
Support 1: 0.8754 daily 50-period SMA
Support 2: 0.8723, 5 June low
Support 3: 0.8700 last week’s low