EUR/GBP technical analysis: Euro recording 11 bullish consecutive days against Pound


EUR/GBP daily

On the daily chart, EUR/GBP is trading in a bull leg flirting with the 200-day simple moving average (SMA) at 0.8794. 
EUR/GBP is reversing up from the 2019 low while it has been up for 11 consecutive days.

EUR/GBP 4-hour chart

EUR/GBP is trading in a bull channel above its main SMAs.

EUR/GBP 30-minute chart

EUR/GBP is trading above its main SMAs suggesting bullish momentum. The next resistance buyers will need to overcome is at 0.8780 level. If broken, bulls might set their eyes on 0.8820 level resistance. On the way down, immediate support is at the 0.8750 and 0.8620 levels.

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