EUR/GBP chart - Trading View
EUR/GBP spiked higher on Thursday's trade to hit 11-year high, bias remains bullish.
The pair has paused just shy of 0.95 handle and has since pared most of today's gains to currently trade at 0.9392.
The British pound has crashed as investors pull the plug on a panic reaction as the number of confirmed Coronavirus cases increases.
UK Prime Minister Boris Johnson has been widely criticised for confused response to COVID-19 and lack of clarity nor direction for the UK public.
Increasing selling pressure in the pound helps the upside in EUR/GBP, scope for further gains.
Rising speculations that the BoE could announce further easing in order to fight the impact of the COVID-19 on the UK economy keeps GBP under pressure.
The pair has gained a massive 8.97% for the month till date and monthly charts show scope for further gains.
Next major resistance lies at 0.96 (major trendline resistance). Break above will open further upside.


Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
FxWirePro: USD/CAD extends advance as stronger dollar and falling oil weighs on loonie
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
FxWirePro- Major Pair levels and bias summary
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
FxWirePro: AUD/USD softens as Australian unemployment rate nears 5-year high
Gold Pares Gains Amidst Dollar Strength; Technicals Signal Sell-on-Rally Opportunity
Stock Futures Dip as Investors Await Key Payrolls Data
FxWirePro- Major Crypto levels and bias summary
China's Refining Industry Faces Major Shakeup Amid Challenges
Energy Sector Outlook 2025: AI's Role and Market Dynamics
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Geopolitical Shocks That Could Reshape Financial Markets in 2025
FxWirePro: USD/CAD gains as broad dollar strength lifts pair
Bank of America Posts Strong Q4 2024 Results, Shares Rise
EURUSD Weakens as Dollar Strength Dominates; Technicals Suggest Sell-on-Rally Opportunity 



