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 Market Research Department.

For further inquiries, please don't hesitate to contact us at dta@aaatrade.com.

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