EUR/GBP is trading the weekly lows as bears are lurking for a potential move lower. The key level to beat for sellers is the multi-week support at the 0.9020 level. EUR/GBP daily chart The market has been retracing down sharply in August after peaking at the 0.9326 level. EUR/GBP exchange rate is now hovering at weekly lows threatening to break a key multi-week support level at the 0.9020 level. EUR/GBP 4-hour chart EUR/GBP is trading below the main SMAs, suggesting a bearish bias in the medium term. Bears need to break the 0.9020 support to potentially reach 0.8945 on the way down, according to the Technical Confluences Indicator. EUR/GBP 30-minute chart EUR/GBP is under pressure below its main SMAs. Immediate resistances are seen at 0.9050, 0.9067 and 0.9081, 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 USD/CAD testing the bull’s commitments in lower 1.32 handle FX Street 4 years EUR/GBP is trading the weekly lows as bears are lurking for a potential move lower. The key level to beat for sellers is the multi-week support at the 0.9020 level. EUR/GBP daily chart The market has been retracing down sharply in August after peaking at the 0.9326 level. EUR/GBP exchange rate is now hovering at weekly lows threatening to break a key multi-week support level at the 0.9020 level. EUR/GBP 4-hour chart EUR/GBP is trading below the main SMAs, suggesting a bearish bias in the medium term. Bears need to break the 0.9020 support to potentially… 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.
