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EUR/GBP Rising Above 0.90

M. Ali 24 August, 2020 9:58 pm Forex Market, Market Update

The Euro (EUR) is trading higher against the British Pound (GBP) on Monday.

The EUR/GBP is up by 0.23% for the day, trading at 0.90311.

Recent market forecasts expect the pair to maintain the 0.90 range until a trade deal between the United Kingdom (UK) and the European Union (EU) is reached for the post-Brexit stage.

Media reports suggested that talks are stalling due to disagreements regarding the rules of track movement.

Support Levels: 0.8965 – 0.8919 – 0.8893

Resistance Levels: 0.9037 – 0.9063 – 0.9109

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