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25 Apr 2019

EUR/GBP Technical Analysis: Bears challenging 0.8630 weekly low support

EUR/GBP daily

  • EUR/GBP is trading in a bear trend below its 100 and 200 simple moving averages (SMAs).
  • EUR/GBP is trading at its lowest in the last 6 trading days.


EUR/GBP 4-hour chart

  • EUR/GBP is rejecting its main 50 SMA suggesting a downward correction in the medium-term.

EUR/GBP 30-minute chart

  • EUR/GBP is trading below its main SMAs as the bears are challenging the 0.8630 support.
  • A break below the support can lead to the 0.8600 figure. 
  • Resistance is seen at 0.8650 and 0.8665 level.


Additional key levels

 

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