- EUR/GBP is trading sideways for the third consecutive day contained in the 0.8868-0.8900 range.
- EUR/GBP is consolidating the July 16-20 bull run.
- Both parties are in equilibrium as bulls would need a breakout above 0.8900 and bears below 0.8868 in order to establish a clear directionality. However, bears have currently a slight advantage as EUR/GBP is trading mainly below its main simple moving averages (50, 100 and 200)
EUR/GBP 15-minute chart
Spot rate: 0.8880
Relative change: -0.02%
High: 0.8896
Low: 0.8873
Trend: Neutral
Resistance 1: 0.8900 July 9 high
Resistance 2: 0.8933 July 18 high
Resistance 3: 0.8967 March 7 high
Resistance 4: 0.9013 November 12, 2017 high
Support 1: 0.8868, 13 July high
Support 2: 0.8840 supply level
Support 3: 0.8820-0.8840 area, 200-day SMA
Support 4: 0.8800 figure
Support 5: 0.8780 daily 50-period SMA
Support 6: 0.8764 June 8 low