EUR/GBP Technical Analysis: EUR/GBP finding some resistance after 4-day bull run
|- EUR/GBP has been trading higher throughout the week, however, this Friday EUR/GBP has been losing some strength and is set to end the day in the red.
- The 0.8933 July 18 high is the first resistance for bulls to break above, followed by the 50 and 100-period simple moving averages a few pips above it.
- Failure to recapture the 0.8933 level can lead to an extension of the bearish correction towards the 0.8900 support.
EUR/GBP 15-minute chart
Spot rate: 0.8930
Relative change: -0.18%
High: 0.8960
Low: 0.8925
Trend: Bullish / bearish correction
Resistance 1: 0.8933 July 18 high
Resistance 2: 0.8967 March 7 high
Resistance 3: 0.9013 November 12, 2017 high
Support 1: 0.8900 figure
Support 2: 0.8868, 13 July high
Support 3: 0.8840 supply level
Support 4: 0.8820-0.8840 area, 200-day SMA
Support 5: 0.8800 figure
Support 6: 0.8780 daily 50-period SMA
Support 7: 0.8764 June 8 low
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