Apr 23, 2019
EUR/GBP Technical Analysis: Euro hanging at monthly highs against GBP above 0.8650 level
- EUR/GBP is evolving in a bear trend below its 100 and 200 simple moving averages (SMAs).
- EUR/GBP is getting near 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 bullish momentum.
EUR/GBP 30-minute chart
- EUR/GBP has found resistance near 0.8670. However, a break above 0.8680 is necessary for bulls to move up towards 0.8700 figure and 0.8770 resistance.
- To the downside, the market should continue to find some support near 0.8650/40 and 0.8610 level.
Additional key levels