May 29, 2020
EUR/GBP Price Analysis: Euro steadies above the 0.9000 figure vs. Pound
- The euro is advancing into fresh May’s highs.
- The level to beat for bulls is the 0.9055 resistance.
EUR/GBP four-hour chart
EUR/GBP refreshed the monthly tops while holding above the 0.9000 figure and its main SMAs on the four-hour chart. The buyers remain in charge as a daily close above the 0.9000 figure would reinforce the idea of a continuation higher. Above the mentioned level, the quote can run to the 0.9055 and the 0.9100 levels initially. On the other hand, retracements down could find support near the 0.9000 and 0.8920 levels.
Resistances: 0.9055, 0.9100, 0.9144
Support: 0.9000, 0.8920, 0.8850
Additional key levels