26 Aug 2019
EUR/GBP technical analysis: Euro battling for the 0.9100 figure against the Sterling
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EUR/GBP bulls are trying to regain the 0.9100 handle this Monday.
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The level to beat for bulls is the 0.9100 figure followed by 0.9124 resistance.
EUR/GBP daily chart
The market has been retracing down in August after peaking at the 0.9326 level. EUR/GBP almost reached the August 29, 2017 high at the 0.9307 level.
EUR/GBP 4-hour chart
EUR/GBP is regaining some modest ground this Monday. However, the market is trading below its main simple moving averages (SMAs), keeping the currency pair under some relative pressure. Sellers would need to reclaim 0.9081, 0.9067, 0.9050 and 0.9037 support to resume the bear trend, according to the Technical Confluences Indicator.
EUR/GBP 30-minute chart
Bulls need to reclaim the 0.9100 figure and the 200 SMA. On the way up the market could appreciate towards 0.9124, 0.9166/76 and 0.9195 if the bulls gather enough steam, according to the Technical Confluences Indicator.
Additional key levels