Home EUR/GBP Technical Analysis: Euro bears finally break below 0.8530 support against Sterling

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EUR/GBP Technical Analysis: Euro bears finally break below 0.8530 support against Sterling

FX Street

Published date: 27 Mar. 2019 | 18:37

EUR/GBP daily

EUR/GBP is trading in a bear trend below its main simple moving averages (SMAs).

EUR/GBP 4-hour chart

EUR/GBP is trading below its main SMAs suggesting a bearish bias in the medium-term.

EUR/GBP 30-minute chart

EUR/GBP is trading below its main SMAs suggesting a bearish momentum in the short-term.
The bears finally broke below 0.8530 support and landed on the 0.8500 level. A break below this support should open the doors to the 0.8440 level.
Resistance is now seen at 0.8530 and 0.8580 level.

Additional key levels

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