EUR/GBP Technical Analysis: Bearish pullback goes on
|- EUR/GBP is consolidating for the fourth day in a row. Bulls want to resume the bull trend but they need at least convincing break above 0.8937.
- On the flip side, bears want to keep the currency cross below the 200-period simple moving averages on the 15-minute chart and below 0.8937.
- A breakout below 0.8900 can lead to a test of 0.8868 and 0.8840 supply level.
EUR/GBP 15-minute chart
EUR/GBP daily chart
Spot rate: 0.8923
Relative change: -0.19%
High: 0.8948
Low: 0.8896
Main Trend: Bullish
Resistance 1: 0.8937 July 31 high
Resistance 2: 0.8957/67 area, July 20 high and March 7 high
Resistance 3: 0.9019 August 9 high
Resistance 4: 0.9109 September 8, 2017 low
Resistance 5: 0.9160 August 23, 2017 low
Support 1: 0.8920 supply level
Support 2: 0.8900 July 9 high
Support 3: 0.8868, 13 July high
Support 4: 0.8840 supply level
Support 5: 0.8820-0.8840 area, 200-day SMA
Support 6: 0.8800 figure
Support 7: 0.8780 daily 50-period SMA
Support 8: 0.8764 June 8 low
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.