EUR/GBP Technical Analysis: Equilibrium between 0.8820-0.8870
|- EUR/GBP has traded for the most part of the week contained in the 0.8820-0.8870 range.
- The trend is sideways as buyers and sellers are in almost perfect equilibrium. Support is now once again the 0.8820 level. However, a breakout on either side of the range can happen anytime.
- The currency pair might be waiting for a fundamental catalyst, possibly from Brexit-related events.
EUR/GBP 15-minute chart
Spot rate: 0.8826
Relative change: 0.12%
High: 0.8868
Low: 0.8825
Trend: Neutral
Resistance 1: 0.8864-0.8870, weekly 50-period SMA and current weekly high
Resistance 2: 0.8900 figure
Resistance 3: 0.8967 March 7 high
Support 1: 0.8823-0.8840 area, 200-day SMA and supply level
Support 2: 0.8800 figure
Support 3: 0.8780 daily 50-period SMA
Support 4: 0.8764 June 8 low
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