Daily Technical Analysis Of EURGBP - Monday, June 19

By AAATrade of aaatrade.com

Jun 19, 2023 at 4:35 AM EDT

Spotlight on EURGBP. AAATrade's daily technical analysis reveals a fresh and insightful perspective on their trading today. Check it out.

Spotlight on EURGBP. The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.

EURGBP

Looking at EURGBP’s chart, we can see that GBP has been gaining ground over the past month, settling at the current rate of £0.8532 after reaching its support level at around £0.8520. Since it held on above that level, today we could expect it to continue the upward reaction towards the resistance level at around £0.8550 and if it breaks through it, then it should continue rising towards the next one at around £0.86.

(Click on image to enlarge)

AAATrade's Daily Technical Analysis of EURGBP - 19/06/2023

AAATrade Market Research Department.

For further inquiries, please don't hesitate to contact us at [email protected].

Get the full advantage of trading stocks with AAATrade. Open an account now.

More By This Author:

Daily Technical Analysis Of EURGBP - Friday, June 16
Technical Analysis Of Tesco Plc
Daily Technical Analysis Of USDJPY - Thursday, June 15

Disclaimer:

We also offer CFD products. 70.91% of retail CFD accounts lose money. CFDs trading is risky and your entire capital might be at risk. Information presented herein, is not to be construed as a solicitation or an offer to buy or sell any Financial instrument or to participate in any trading strategy.

Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information.

STOCKS IN THIS ARTICLE

Also Mentions:

Comments

Back to all articles