EUR/GBP broke the key 0.9020 multi-week support level. The level to beat for sellers is the 0.8945 support. EUR/GBP daily chart The market has been retracing down sharply in August after peaking at the 0.9326 level. The EUR/GBP exchange rate broke a key multi-week support level at the 0.9020 price level. EUR/GBP 4-hour chart EUR/GBP is trading below the main SMAs, suggesting a bearish bias in the medium term. Bears brought the exchange rate to new multi-week lows. They need to overcome 0.8945 support if they want to extend the bear trend towards 0.8928 and 0.8886, according to the Technical Confluences Indicator. EUR/GBP 30-minute chart EUR/GBP is under bearish pressure below the main SMAs. Immediate resistances are seen at the 0.8959, 0.8979, 0.8994 and 0.9044 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 Savings bank in Norway invests in a crypto exchange FX Street 4 years EUR/GBP broke the key 0.9020 multi-week support level. The level to beat for sellers is the 0.8945 support. EUR/GBP daily chart The market has been retracing down sharply in August after peaking at the 0.9326 level. The EUR/GBP exchange rate broke a key multi-week support level at the 0.9020 price level. EUR/GBP 4-hour chart EUR/GBP is trading below the main SMAs, suggesting a bearish bias in the medium term. Bears brought the exchange rate to new multi-week lows. They need to overcome 0.8945 support if they want to extend the bear trend towards 0.8928 and 0.8886,… 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.
