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EUR/GBP Technical Analysis: Euro bulls need to gather up courage to break the 0.8680 resistance

EUR/GBP daily

  • EUR/GBP is trading in a bear trend below its 100 and 200 simple moving averages (SMAs).
  • EUR/GBP is nearing the 0.8700 figure as the market is trading above its 50 SMA.

EUR/GBP 4-hour chart

  • EUR/GBP is trading above its main SMAs suggesting that bulls are in control.


EUR/GBP 30-minute chart

  • EUR/GBP bulls are attacking the 0.8680 resistance one more time.
  • A break above 0.8680 would be needed for bulls to travel towards 0.8700 figure and 0.8770 resistance.
  • To the downside, the market should find some support near 0.8650/40 and 0.8610 level.

Additional key levels

 

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