EUR/GBP Technical Analysis: Euro fades Tuesday’s high at 0.8830
|- EUR/GBP found resistance a few pips shy off Tuesday’s high.
- EUR/GBP is in a trading range as bears are now likely targeting the previous 0.8790 supply/demand level.
- However a breakout above the 0.8839-0.8844 area, 200-day SMA and 6 week’s high, would likely open the gates to higher prices.
EUR/GBP 15-minute chart
Spot rate: 0.8815
Relative change: 0.37%
High: 0.8827
Low: 0.8779
Trend: Neutral
Resistance 1: 0.8839-0.8844 area, 200-day SMA and 6 week’s high
Resistance 2: 0.8869 weekly 50-period SMA
Resistance 3: 0.9000 figure
Support 1: 0.8790 supply/demand level
Support 2: 0.8754 daily 50-period SMA
Support 3: 0.8723, 5 June low
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