EUR/GBP regained traction on Tuesday and recovered further from the overnight swing lows. Persistent Brexit uncertainties, stricter lockdown in London took its toll on the British pound. The euro benefitted from sustained USD selling bias and remained supportive of the uptick. The British pound witnessed some selling during the early European session and pushed the EUR/GBP cross to two-day tops, around mid-0.9100s in the last hour. The cross built on the previous day’s solid intraday bounce from the 0.9045 area and gained some strong follow-through traction through the first half of the trading action on Tuesday. Reports about the lack of progress on post-Brexit talks tempered investors’ optimism that a deal can still be reached. Earlier on Monday, the EU’s chief Brexit negotiator, Michel Barnier reiterated that there has been limited progress on enforcement mechanisms and disagreement on State Aid. This, along with the imposition of stricter lockdown in London, took its toll on the sterling and provided a goodish lift to the EUR/GBP cross. On the other hand, the shared currency remained well supported by a softer tone surrounding the US dollar, which languished near two-and-half-year lows amid hopes for additional US fiscal stimulus. this, in turn, was seen as another factor driving the EUR/GBP cross higher for the second consecutive session on Tuesday. With the latest leg up, the cross has now filled the weekly bearish gap and seems poised to challenge a multi-month-old descending trend-line resistance, around 0.9180 region. Some follow-through buying beyond the 0.9200 mark will be seen as a fresh trigger for bullish traders and pave the way for additional gains. Technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Sustained move above 1.2155 to pave the way for 1.2355 – Credit Suisse FX Street 2 years EUR/GBP regained traction on Tuesday and recovered further from the overnight swing lows. Persistent Brexit uncertainties, stricter lockdown in London took its toll on the British pound. The euro benefitted from sustained USD selling bias and remained supportive of the uptick. The British pound witnessed some selling during the early European session and pushed the EUR/GBP cross to two-day tops, around mid-0.9100s in the last hour. The cross built on the previous day's solid intraday bounce from the 0.9045 area and gained some strong follow-through traction through the first half of the trading action on Tuesday. Reports about the lack… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.