EUR/GBP technical analysis: Euro bears eyeing a break below the 0.8600 handle

EUR/GBP is at daily lows as EUR is on the back foot across the board.
The level to beat for bears is the 0.8600 figure.

Flavio Tosti Independent Analyst

EUR/GBP daily chart

On the daily chart, EUR/GBP is trading in a bear trend below the main daily simple moving averages (DMAs). Over the last weeks of trading, the optimism of a Brexit deal drove the spot near the 0.8600 figure. This Tuesday, the EUR is losing ground against most currencies.

EUR/GBP four-hour chart

EUR/GBP is trading below its main SMAs, on the four-hour chart, suggesting a bearish bias in the medium term. A daily close below the 0.8575 support level would likely lead the spot to the 0.8500 round number on the way down, according to the Technical Confluences Indicator.

EUR/GBP 30-minute chart

EUR/GBP is ranging, trading currently below its main SMAs. The market found some support at the 0.8600 handle. A break below it can lead to 0.8570 and the 0.8500 figure. Resistance is seen at 0.8626 and 0.8650 price levels.

Additional key levels

EUR/GBP

Overview
Today last price	0.8604
Today Daily Change	-0.0036
Today Daily Change %	-0.42
Today daily open	0.864

Trends
Daily SMA20	0.8686
Daily SMA50	0.8831
Daily SMA100	0.894
Daily SMA200	0.8814

Levels
Previous Daily High	0.8648
Previous Daily Low	0.862
Previous Weekly High	0.8654
Previous Weekly Low	0.8595
Previous Monthly High	0.9022
Previous Monthly Low	0.8575
Daily Fibonacci 38.2%	0.8638
Daily Fibonacci 61.8%	0.8631
Daily Pivot Point S1	0.8624
Daily Pivot Point S2	0.8608
Daily Pivot Point S3	0.8596
Daily Pivot Point R1	0.8652
Daily Pivot Point R2	0.8664
Daily Pivot Point R3	0.868

Author

Flavio Tosti

Independent Analyst

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