Home EUR/GBP Technical Analysis: price making bullish tracks above bearish triangle resistance
FXStreet News

EUR/GBP Technical Analysis: price making bullish tracks above bearish triangle resistance

  • EUR/GBP is above the 0.8832/40 (21-D SMA) bearish triangle support and making bullish advances.  
  •  The 0.9034 October 2017 high on the wide is a key upside.

EUR/GBP daily chart, price above bearish triangle resistance

Spot rate:                0.8890
     
High:                       0.8914
Low:                        0.8888

Trend:                    Bullish

Resistance 1:         0.8920
Resistance 2:          0.8943 (5th May tops).  
Resistance 3:          The 0.9034 October 2017 high on the wide is a key upside.

Support 1:               0.8852 (10-D SMA)          
Support 2:               0.8832/40 (21-D SMA) bearish triangle support
Support 3:               0.8620 protects  a run towards 0.8526 as being  the 78.6% retracement of the move from 2017 on the wide.  

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.