EUR/GBP technical analysis: Euro losing steam below 0.9300 against Sterling

 |  13/08/2019 17:29
  • EUR/GBP is retracing below the 0.9300 figure. 
  • The pullback down can extend towards 0.9245 and 0.9230 levels in the short term.
 

EUR/GBP daily chart

 
EUR/GBP is retracing down after reaching a new 2019 high on Monday at 0.9326. The market almost reached the August 29, 2017 high at the 0.9307 level. 
 

EUR/GBP 4-hour chart

 
 
 
EUR/GBP is trading above its primary SMAs, suggesting bullish momentum in the near term. Bulls want to break above 0.9305 to reach 0.9371 on the way up, according to the Technical Confluences Indicator. However, this scenario seems to be less likely as the market is losing momentum.
 
 

 

EUR/GBP 30-minute chart

 
EUR/GBP is pulling back down below the 0.9230 resistance and the 50/100 SMA. The retracement could find potential supports at 0.9245 and the 0.9230 level, according to the Technical Confluences Indicator.
 
 

Additional key levels

 

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com