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Euro pops to 2.5-week highs vs. pound

  • EUR/GBP is breaking to fresh May highs vs. the pound. 
  • Resistance is seen near the 0.8850 price level. 

 

EUR/GBP four-hour chart 

 

EUR/GBP broke above the 0.8800 level and the main SMAs on the four-hour chart. The spot is accelerating to fresh May highs as the bulls are eying the 0.8850 and 0.8900 levels. Support is now seen near 0.8800 level which was previously resistance and at the 0.8760 level.  

 

 

Resistances: 0.8850, 0.8900, 0.8960

Support: 0.8800, 0.8760, 0.8700

 

 

 

Additional key levels

 

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