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29 Jul 2019
EUR/GBP technical analysis: Euro hits a new 2019 high against Sterling as no-deal Brexit looms
- EUR/GBP is up more than 130 pips this Monday as UK's PM Boris Johnson gets ready for a no-deal Brexit.
- The levels to beat for buyers are the 0.9121, 0.9149 and 0.9197.
EUR/GBP daily chart
EUR/GBP is on the rise as the market reached a new 2019 high. UK’s Prime Minister, Boris Johnson is setting the stage for a no-deal Brexit, sending GBP down across the board.
EUR/GBP 4-hour chart
The market is trading up sharply above its main simple moving averages. The bulls are in control as they likely intend to drive the market towards 0.9121, 0.9149 and 0.9197 resistance, according to the Technical Confluences Indicator.
EUR/GBP 30-minute chart
EUR/GBP is firmly up. Pullbacks could find potential supports at 0.9097, 0.9078 or 0.9031, according to the Technical Confluences Indicator.
Additional key levels