Apr 16, 2019
EUR/GBP Technical Analysis: The 0.8650 resistance is a tough nut to crack for bulls
- 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