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  • EUR/GBP main bull trend is currently on hold, however, bulls are trying to find support near the 100-day simple moving average.
  • EUR/GBP is approaching the zone between the 100 and the 200-day simple moving averages (SMA) along with the 0.8840 key support level.  
  • While the short-term trend remains bearish, given the strong confluence of  supports near the 0.8840 level it is likely that EUR/GBP start to enter a range above the 0.8840 level.  

EUR/GBP daily chart

Spot rate:                0.8872
Relative change:     -0.09%      
High:                       0.8890
Low:                        0.8848

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 key level
Support 3:              0.8800 figure