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5 Aug 2019

EUR/GBP technical analysis: Euro on fire against Sterling, hits a new 2019 high

EUR/GBP bull trend is intact as the market is printing new 2019 highs.
The levels to beat for buyers are the 0.9228, 0.9245 and 0.9311 levels.

EUR/GBP daily chart

EUR/GBP reached a new 2019 high this Monday as the bulls hit 0.9228 on an intraday basis.

EUR/GBP 4-hour chart

EUR/GBP is trading above its main SMAs as the buyers are in control. Their objective is to break above 0.9228 to reach 0.9245 and 0.9311 on the way up, according to the Technical Confluences Indicator.

EUR/GBP 30-minute chart

EUR/GBP is trading in a strong bull trend above its main SMAs. Pullbacks down could find potential supports at 0.9192, 0.9167, 0.9144 and the 0.9124 level, according to the Technical Confluences Indicator.

Additional key levels

Aug 5, 2019

GBP/USD technical analysis: Cable sidelined near multi-month lows and challenging 1.2167 resistance

Trump tweets his frustrations with China's Yuan manipulation

President Donald Trump has been tweeting about China and the fix in the USD/CNY overnight above 6.9000, the weakest level since November 2018. The mar