Home EUR/GBP Technical Analysis: Bulls keep EUR/GBP up near 0.8900 level
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EUR/GBP Technical Analysis: Bulls keep EUR/GBP up near 0.8900 level

  • EUR/GBP is trading inside Thursday’s range as the currency cross is trying to build bullish momentum after yesterday’s  bullish spike.
  • EUR/GBP bulls have a slight advantage as they have the longer-term trend on their side, however they need to overcome 0.8937 July 31 high in the coming sessions if they don’t want the market to consolidate below 0.8800 figure.

EUR/GBP 15-minute chart

Spot rate:                0.8906

Relative change:     0.08%      
High:                       0.8921
Low:                        0.8894

Trend:                     Bullish

Resistance 1:         0.8920 supply level
Resistance 2:         0.8937 July 31 high
Resistance 3:         0.8957 July 20 high
Resistance 4:         0.8967 March 7 high
Resistance 5:         0.9013 November 12, 2017 high

Support 1:              0.8900 July 9 high
Support 2:              0.8868, 13 July high
Support 3:              0.8840 supply level
Support 4:              0.8820-0.8840 area, 200-day SMA  
Support 5:              0.8800 figure
Support 6:              0.8780 daily 50-period SMA
Support 7:              0.8764 June 8 low  

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