Home EUR/GBP technical analysis: Euro under pressure against Sterling, trading sub-0.9149 level
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EUR/GBP technical analysis: Euro under pressure against Sterling, trading sub-0.9149 level

  • EUR/GBP is under pressure after peaking at the 0.9326 level.
  • The retracement down can extend towards the 0.9100 and 0.9082 supports.
 

EUR/GBP daily chart

 
EUR/GBP is retracing down after peaking at the 0.9326 level. The market almost reached the August 29, 2017 high at the 0.9307 level.  
 

EUR/GBP 4-hour chart

 
 
 
EUR/GBP is losing on the backfoot below the 0.9149 resistance and the 50/100 SMAs. The market is set to decline towards 0.9100 and 0.9082, according to the Technical Confluences Indicator.  
 
 
 

EUR/GBP 30-minute chart

 
EUR/GBP is under pressure below the main SMAs. Immediate resistances are seen at 0.9149, 0.9182 and 0.9230 according to the Technical Confluences Indicator.
 
 

Additional key levels

 

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