EUR/GBP remains under bearish pressure hovering near levels not seen since May 2019. The level to beat for sellers is the 0.8575 support. EUR/GBP daily chart EUR/GBP, on the daily chart, is trading in a downtrend below the main daily simple moving averages (DSMAs). In the last weeks of trading, the optimism of a Brexit deal drove the market below the 0.8600 handle. EUR/GBP four-hour chart EUR/GBP is trading below the main SMAs, suggesting bearish momentum in the medium term. A daily close below the 0.8575 support can potentially lead to the 0.8500 handle on the way down, according to the Technical Confluences Indicator. EUR/GBP 30-minute chart EUR/GBP is challenging the 200 SMA, suggesting a consolidation in the near term. Resistances can be seen at the 0.8625 and 0.8650 price levels, according to the Technical Confluences Indicator. Additional key levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Canada: Not everything was bad in August’s retail sales – NFB FX Street 3 years EUR/GBP remains under bearish pressure hovering near levels not seen since May 2019. The level to beat for sellers is the 0.8575 support. EUR/GBP daily chart EUR/GBP, on the daily chart, is trading in a downtrend below the main daily simple moving averages (DSMAs). In the last weeks of trading, the optimism of a Brexit deal drove the market below the 0.8600 handle. EUR/GBP four-hour chart EUR/GBP is trading below the main SMAs, suggesting bearish momentum in the medium term. A daily close below the 0.8575 support can potentially lead to the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
