EUR/GBP Technical Analysis: Euro sticks to its range rejecting 0.8650 level

FX Street

Published date: 12 Apr. 2019 | 15:12

EUR/GBP daily

EUR/GBP is trading in a bear trend below its main simple moving averages (SMAs).
EUR/GBP is rejecting 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 rejecting the 0.8650 level. The market remains in range with a slight bullish bias.
To the downside, support is at 0.8610, 0.8590, 0.8560 and 0.8520 level.
Resistance is seen at 0.8650 and 0.8690 level.

Additional key levels

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.

View all posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.