19 May 2020
EUR/GBP Price Analysis: Euro settling above the 0.8900 figure vs. pound, bullish
- The euro is consolidating in May’s highs vs. the pound.
- The level to beat for bulls is the 0.9000 resistance.
EUR/GBP four-hour chart
EUR/GBP is holding above the 0.8920 resistance level and its main SMAs on the four-hour chart. The quote is consolidating its advance in May’s highs as the buyers are setting their eyes on the 0.9000 and 0.9055 levels. Support can emerge near 0.8920 level, previously resistance. Further down lie the 0.8850 level.
Resistances: 0.9000, 0.9055, 0.9144
Support: 0.8920, 0.8850, 0.8800
Additional key levels