- EUR/GBP tried to breakout above the 0.8933 resistance but found sellers which drove the currency cross back near the daily open and below the 50 and 100-period simple moving average.
- EUR/GBP bulls would likely need to keep the market above the 0.8900 level if they want to keep the bullish momentum initiated on Monday.
- The main objective for bulls is to breakout above 0.8957 July 20 high while bears want to break below 0.8900 to reach 0.8868, 13 July high.
EUR/GBP 15-minute chart
Spot rate: 0.8916
Relative change: 0.03%
High: 0.8937
Low: 0.8906
Trend: Bullish
Resistance 1: 0.8920 supply level
Resistance 2: 0.8933 July 18 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