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  • EUR/GBP is trading in a bear trend below its 200-period simple moving average (SMA).
  • EUR/GBP is finding some support near 0.8722 (October low). Bears will try to defend 0.8752 level (October 16 low). The RSI and Stochastic are still below the 50 line suggesting a bearish bias while the MACD had a crossover from below.  
  • The 0.8752 is the level to look at for bears who want to short or for bulls who are looking for a breakout above it.

EUR/GBP 4-hour chart

Main Trend:            Bearish

Resistance 1:              0.8752 October 16 low
Resistance 2:              0.8800 figure
Resistance 3:              0.8847 September 20 low  
Resistance 4:              0.8876 September 11 low

Support 1:              0.8722 October low
Support 3:              0.8700 figure
Support 3:              0.8665 March 22 low

Additional key levels at a glance:

EUR/GBP

Overview:
       Last Price:  0.8742
       Daily change:  24  pips
       Daily change:  0.275%
       Daily Open:  0.8718
Trends:
       Daily SMA20:  0.8811
       Daily SMA50:  0.8871
       Daily SMA100:  0.8886
       Daily SMA200:  0.8837
Levels:
       Daily High:  0.8756
       Daily Low:  0.8714
       Weekly High:  0.8942
       Weekly Low:  0.8757
       Monthly High:  0.8942
       Monthly Low:  0.8722
       Daily Fibonacci 38.2%:  0.873
       Daily Fibonacci 61.8%:  0.874
       Daily Pivot Point S1:  0.8702
       Daily Pivot Point S2:  0.8687
       Daily Pivot Point S3:  0.866
       Daily Pivot Point R1:  0.8745
       Daily Pivot Point R2:  0.8772
       Daily Pivot Point R3:  0.8787