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25 Jul 2019
EUR/GBP technical analysis: Euro off daily highs, trades near 0.8930 support
- EUR/GBP pulled back down to the 0.8900 level.
- The level to beat for buyers is the 0.8957 level, followed by 0.8994.
EUR/GBP daily chart
EUR/GBP is trading in a bull leg above its main simple moving averages (SMAs). The market is correcting down to the 0.8900 figure and the 50 SMA.
EUR/GBP 4-hour chart
The market tested the 0.8957 resistance and the 200 SMA. Bulls need to break above this level to keep the bull trend alive. Further up lies 0.8994 resistance, according to the Technical Confluences Indicator.
EUR/GBP 30-minute chart
EUR/GBP is retreating from the daily highs as it found some support near 0.9329. In the event bears breach this level the next support is seen at 0.8902, according to the Technical Confluences Indicator.
Additional key levels