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EUR/GBP Technical Analysis: Make-or-Break near 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 approaching the 0.8700 figure as the market is trading above its 50 SMA.

EUR/GBP 4-hour chart

  • EUR/GBP formed a wedge pattern as bulls are still in charge. 


EUR/GBP 30-minute chart

  • EUR/GBP is consolidating in a small triangle above its main SMAs. 
  • A bull breakout above 0.8680 can lead all the up to 0.8720 resistance. 
  • Alternatively, if bears take the lead support is initially seen at 0.8650/40 and then at the 0.8610 level.

Additional key levels

 

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