EUR/GBP technical analysis: Euro breaks above 0.8700 the figure nearing 2-month highs

Flavio Tosti Independent Analyst

EUR/GBP daily

On the daily chart, EUR/GBP is trading in a bull leg now surpassing the 100 simple moving average (SMAs).
EUR/GBP is reversing up sharply from the 2019 low as it has been up for 8 consecutive days.

EUR/GBP 4-hour chart

EUR/GBP is challenging March’s high (0.8723) as it broke above the 0.8700 figure.

EUR/GBP 30-minute chart

EUR/GBP is trading above its main SMAs suggesting bullish momentum. The next hurdle for buyers is seen at the 0.8720 level. If broken, bulls might set their eyes on 0.8750 level resistance.
Support is at 0.8700 and 0.8660 level.

Additional key levels

EUR/GBP

Overview
Today last price	0.8714
Today Daily Change	0.0032
Today Daily Change %	0.37
Today daily open	0.8682

Trends
Daily SMA20	0.8623
Daily SMA50	0.86
Daily SMA100	0.8699
Daily SMA200	0.8799

Levels
Previous Daily High	0.8694
Previous Daily Low	0.8652
Previous Weekly High	0.8649
Previous Weekly Low	0.8489
Previous Monthly High	0.8685
Previous Monthly Low	0.8502
Daily Fibonacci 38.2%	0.8677
Daily Fibonacci 61.8%	0.8668
Daily Pivot Point S1	0.8658
Daily Pivot Point S2	0.8634
Daily Pivot Point S3	0.8616
Daily Pivot Point R1	0.8699
Daily Pivot Point R2	0.8717
Daily Pivot Point R3	0.8741

Author

Flavio Tosti

Independent Analyst

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