- EUR/GBP main bull trend is on hold for the fourth consecutive week.
- EUR/GBP is trading below its 50, 100 and 200-period simple moving averages while the RSI, MACD and Stochastics are in bearish territories. Targets to the downside can be located near 0.8840 supply level and 0.8800 figure.
- A bull breakout above 0.8940 would invalidate the current bearish bias.
EUR/GBP 4-hour chart
Spot rate: 0.8878
Relative change: 0.01%
High: 0.8911
Low: 0.8870
Main Trend: Bullish
Short-term trend: Bearish
Resistance 1: 0.8896 August 14 swing low
Resistance 2: 0.8940 August 14 high
Resistance 3: 0.8974 September 6 low
Resistance 4: 0.9000 figure
Support 1: 0.8876 September 11 low
Support 2: 0.8840 supply level
Support 3: 0.8800 figure