- The euro consolidates gains in May’s highs vs. the pound.
- The level to beat for buyers is the 0.9000 resistance.
EUR/GBP four-hour chart
EUR/GBP is consolidating the recent advance while holding above the 0.8920 support level while trading above the SMAs. The upward bias remains intact with the spot gaining bullish credence on a daily close above the 0.9000 figure. To the upside, the market can target the 0.9055 and the 0.9144 levels. On the other hand, retracements can found support near the 0.8920, 0.8850 and the 0.8800 levels.
Resistances: 0.9000, 0.9055, 0.9144
Support: 0.8920, 0.8850, 0.8800