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18 May 2020
EUR/GBP Price Analysis: Euro firmer vs. pound, trades in fresh May’s highs
- The euro is breaking to fresh May highs vs. the pound.
- Resistance is seen near the 0.9000 price level.
EUR/GBP four-hour chart
EUR/GBP broke above the 0.8920 resistance level and the main SMAs on the four-hour chart. The spot is gaining steam hitting fresh May highs as the bulls are eying the 0.9000 and 0.9055 levels. Support is now seen near 0.8920 level which was previously resistance and at the 0.8850 level.
Resistances: 0.9000, 0.9055, 0.9144
Support: 0.8920, 0.8850, 0.8800
Additional key levels