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EUR/GBP Technical Analysis: The 0.8650 resistance is a tough nut to crack for bulls

EUR/GBP daily

  • EUR/GBP is trading in a bear trend below its 100 and 200 simple moving averages (SMAs).
  • EUR/GBP reclaimed the 50 SMA.


EUR/GBP 4-hour chart

  • EUR/GBP is trading above the main SMAs suggesting bullish momentum in the medium-term.

EUR/GBP 30-minute chart

  • EUR/GBP is once again rejecting the 0.8650 level. The bulls will need to break to reach 0.8690 level to the upside.
  • Looking down, support is at 0.8610, 0.8590 and 0.8560.


Additional key levels

 

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