Search ForexCrunch
  • The euro is advancing towards the May’s highs vs. the pound. 
  • The level to beat for bulls is the 0.9000 resistance.

 

EUR/GBP four-hour chart 

 
EUR/GBP almost refreshed the monthly tops while holding above the main SMAs. The bullish bias is intact with the bulls looking for a daily close above the 0.9000 figure. Above the mentioned level, the spot can run towards the 0.9055 and the 0.9144 levels. On the flip side, pullbacks down can find support near the 0.8920, 0.8850 and the 0.8800 levels.   
 
 
Resistances: 0.9000, 0.9055, 0.9144
Support: 0.8920, 0.8850, 0.8800
 
 

Additional key levels