EUR/GBP Technical Analysis: Euro bulls challenging the 0.8900 figure
|- EUR/GBP is trading in a bull trend above the 200-period simple moving average on the 4-hour chart.
- EUR/GBP is holding above 0.8850 as the 50 SMA crossed above the 100 SMA. Technical indicators remain bullish although the Stochastic is in oversold condition.
- The next level to break for bulls is 0.8900 followed by the 0.8950 level. Meanwhile, a break below 0.8800 would most likely be a warning signal for bulls.
Spot rate: 0.8879
Relative change: 0.06%
High: 0.8893
Low: 0.8861
Main Trend: Bullish
Resistance 1: 0.8876 September 11 low
Resistance 2: 0.8900 figure
Resistance 3: 0.8950 figure
Resistance 4: 0.9000 figure
Support 1: 0.8876 September 11 low
Support 2: 0.8847 September 20 low
Support 3: 0.8800 figure
Support 4: 0.8752 October 16 low
Support 5: 0.8722 October low
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