EUR/GBP technical analysis: Euro losing steam below 0.9300 against Sterling

 |  13/08/2019 17:29
  • EUR/GBP is retracing below the 0.9300 figure. 
  • The pullback down can extend towards 0.9245 and 0.9230 levels in the short term.
 

EUR/GBP daily chart

 
EUR/GBP is retracing down after reaching a new 2019 high on Monday at 0.9326. The market almost reached the August 29, 2017 high at the 0.9307 level. 
 

EUR/GBP 4-hour chart

 
 
 
EUR/GBP is trading above its primary SMAs, suggesting bullish momentum in the near term. Bulls want to break above 0.9305 to reach 0.9371 on the way up, according to the Technical Confluences Indicator. However, this scenario seems to be less likely as the market is losing momentum.
 
 

 

EUR/GBP 30-minute chart

 
EUR/GBP is pulling back down below the 0.9230 resistance and the 50/100 SMA. The retracement could find potential supports at 0.9245 and the 0.9230 level, according to the Technical Confluences Indicator.
 
 

Additional key levels

 

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