Starting 2019 off the EUR/GBP maintained a hallway of sideways consolidation between December 7, 2018 and January 14, 2019 testing resistance level 0.90422. The initial market reaction is to move and retest a previously established resistance level at 0.86510. With low volatility and high insecurity the EUR/GBP maintains another hallway of sideways consolidation between resistance level 0.84866 and resistance level 0.86510 from February 22, 2019 to May 6, 2019. 

With the region in a current state of election there is a clear upward trend with low volatility that is being established prior to a final pullback on July 25, 2019 to retest resistance level 0.88972 before finding the years highest high on August 9, 2019. With no real sustainability at this particular level the EUR/GBP transitioned into a downward trend to retest previous resistance levels and areas of sideways consolidation. 

A final retest of resistance level 0.90422 on October 10, 2019 was followed by a volatile downward push finale ending on October 18, 2019 testing resistance level 0.86510. From October 21, 2019 to December 4, 2019 the EUR/GBP experienced low volatility and an inability to maintain above established resistance level 0.84866. Shown in diagram A

Current EUR/GBP Projections