The euro fell to its lowest level in 2019 against the pound

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EUR/GBP weakens EUR/GBP to its lowest levels in 2020 and is on its way to its lowest levels in 2019.

The level the bears need to beat is 0.8300.

EUR/GBP daily chartEUR/GBP

EUR/GBP exchange rate is traded EUR/GBP Below the simple daily moving averages (SMAs) This indicates a long-term bearish momentum. Given the market pullback, the bears are likely to head to 0.8300 which was near the 2019 low. A break below this level is likely to extend losses towards 0.8200 and 0.8100. Resistance is found near the 0.8400, 0.8500 and 0.8600 . levels.

The euro fell to its lowest level in 2019 against the pound

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