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  • EUR/GBP consolidates at weekly highs above 0.8620 support.
  • The currency pair is trying to bottom from the 2019 low, will the bulls succeed?

EUR/GBP daily

EUR/GBP is trading in a bear trend below its 100 and 200 simple moving averages (SMAs).
EUR/GBP is up for the fifth consecutive day.

EUR/GBP 4-hour chart


EUR/GBP managed to climb above the 0.8600 handle and the main SMAs.

EUR/GBP 30-minute chart


EUR/GBP slowed down its ascent on Friday. The market is consolidating just above 0.8620 and below the 50 SMA.

Bulls would need to break above 0.8650 to continue the recent leg up towards 0.8680 resistance.
Additional support is seen at the 0.8600 figure followed by 0.8570.

Additional key levels