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2 Jun 2020
EUR/GBP Price Analysis: Euro consolidates losses vs. pound, trades near 0.8920 level
- The euro is chopping just above the 0.8900 level.
- The level to beat for bears is the 0.8860 support.
EUR/GBP four-hour chart
EUR/GBP started the month of June with a drop to the 0.8900 figure. The market is consolidating losses below the 50 SMA on the four-hour chart. Another bearish attack with a break below the 0.8860 level can send EUR/GBP towards the 0.8800 and 0.8760 levels in the medium-term. On the other hand, resistance can be seen near the 0.8940 and 0.9000 levels initially.
Additional key levels