- EUR/GBP prints a new six-day high at around 0.8580, confluence with the 50-day SMA.
- Key resistance levels to watch include the 0.8600 figure, the August 14 high at 0.8632, and the August 11 daily high at 0.8669.
- On the downside, if EUR/GBP drops below the 200-hour MA at 0.8553, it could target the YTD low at 0.8492.
EUR/GBP resumes its uptrend and hits a six-day high, with buyers set to challenge higher prices after weaker economic data from the UK hurt the Pound Sterling (GBP) prospects. At the time of writing, the pair is exchanging hands at 0.8579, gains 0.52%.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased