EUR/GBP technical analysis: Euro finds resistance at 0.8842 one more time
|- EUR/GBP had a strong bull leg in May.
- Will the bulls keep going above 0.8842 resistance in June?
EUR/GBP daily
EUR/GBP broke to 3-month high and above the 200 simple moving average (SMA).
EUR/GBP is in a bullish channel above its main SMAs suggesting a bullish bias in the medium term.
EUR/GBP 30-minute chart
EUR/GBP has been consolidating below 0.8842 resistance in the last five days. If EUR/GBP stays confined below 0.8842, the market can drift down towards 0.8780, 0.8750 and potentially 0.8720 level. However, if the market break above 0.8842 then a bull move to 0.8900 can be on the cards.
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