Daily Technical Analysis Of EURGBP - Monday, May 15
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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 the FX pair has been in a downtrend, and it is currently traded at the rate of around £0.8714. Today, if it manages to stay above the support level which is located at around £0.87, then we could expect the rate to further rise toward the resistance level at around £0.88, otherwise, it will return to the downward movement, and we should expect it to test the month’s lowest rate at around £0.8660.
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