Home EUR/GBP technical analysis: No signs of slowing down as bulls are looking at the 0.8700 figure

EUR/GBP technical analysis: No signs of slowing down as bulls are looking at the 0.8700 figure

Published date: 13 May. 2019 | 18:32

EUR/GBP daily

EUR/GBP is trading in a bear trend below its 100 and 200 simple moving averages (SMAs).
However, EUR/GBP is bouncing up sharply as it has been up for 6 consecutive days.

EUR/GBP 4-hour chart

EUR/GBP is spiking above the 0.8670 level and the main SMAs.

EUR/GBP 30-minute chart

EUR/GBP is trading above its main SMAs suggesting bullish momentum. The next hurdle for bulls is seen at 0.8680. If broken, then buyers can set their eyes on 0.8700 the figure followed by 0.8720 level.

Supports are at 0.8650 and 0.8620 levels.

Additional key levels

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