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13 Jul 2018
EUR/GBP Technical Analysis: Brexit fears keeping the GBP in place
- Sideways movement continues, though the early week saw the Euro clip higher following Brexit ministers' protest resignations.
- Brexit concerns are keeping the Sterling constrained, while the Euro sees limited gains against a strong Greenback.
- 0.8850 remains a key level for the EUR/GBP, has remained near the level for over 40 weeks.
EUR/GBP Chart, 15-Minute
| Spot rate: | 0.8847 |
| Relative change: | 0.02% |
| High: | 0.8853 |
| Low: | 0.8834 |
| Trend: | Sideways |
| Support 1: | 0.8834 (current day low) |
| Support 2: | 0.8820 (previous day low) |
| Support 3: | 0.8812 (current week low) |
| Resistance 1: | 0.8853 (current day high) |
| Resistance 2: | 0.8860 (July 11th swing high) |
| Resistance 3: | 0.8900 (current week high; major technical level) |