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12 May 2020
EUR/GBP Price Analysis: Euro pops to 2.5-week highs vs. pound
- EUR/GBP is breaking to fresh May highs vs. the pound.
- Resistance is seen near the 0.8850 price level.
EUR/GBP four-hour chart
EUR/GBP broke above the 0.8800 level and the main SMAs on the four-hour chart. The spot is accelerating to fresh May highs as the bulls are eying the 0.8850 and 0.8900 levels. Support is now seen near 0.8800 level which was previously resistance and at the 0.8760 level.
Resistances: 0.8850, 0.8900, 0.8960
Support: 0.8800, 0.8760, 0.8700
Additional key levels