EUR/GBP Technical Analysis: EUR/GBP finds support at the 100-day simple moving average - Ranges ahead
|- EUR/GBP main bull trend is currently on hold, however, bulls are trying to find support near the 100-day simple moving average.
- EUR/GBP is approaching the zone between the 100 and the 200-day simple moving averages (SMA) along with the 0.8840 key support level.
- While the short-term trend remains bearish, given the strong confluence of supports near the 0.8840 level it is likely that EUR/GBP start to enter a range above the 0.8840 level.
Spot rate: 0.8872
Relative change: -0.09%
High: 0.8890
Low: 0.8848
Main Trend: Bullish
Short-term trend: Bearish
Resistance 1: 0.8896 August 14 swing low
Resistance 2: 0.8940 August 14 high
Resistance 3: 0.8974 September 6 low
Resistance 4: 0.9000 figure
Support 1: 0.8876 September 11 low
Support 2: 0.8840 key level
Support 3: 0.8800 figure
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