Home EUR/GBP Technical Analysis: Euro losing strength against Pound
FXStreet News

EUR/GBP Technical Analysis: Euro losing strength against Pound

EUR/GBP daily

  • EUR/GBP is evolving in a bear trend below its main simple moving averages (SMAs).
  • EUR/GBP is rejecting the 0.8650 level and  the 50 SMA.

EUR/GBP 4-hour chart

  • EUR/GBP is trading above the main SMAs suggesting potential bullish momentum in the medium-term.


EUR/GBP 30-minute chart

  • EUR/GBP is trading below its main SMAs suggesting a bearish bias in the short-term.  
  • The level to beat for sellers is at 0.8590. The next supports are seen at 0.8560 and 0.8520 level.  
  • To the upside EUR/GBP is expected to find resistance at 0.8610 and 0.8650 level.

Additional key levels

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.