EUR/GBP Technical Analysis: Euro bulls need to gather up courage to break the 0.8680 resistance

Flavio Tosti Independent Analyst

EUR/GBP daily

EUR/GBP is trading in a bear trend below its 100 and 200 simple moving averages (SMAs).
EUR/GBP is nearing the 0.8700 figure as the market is trading above its 50 SMA.

EUR/GBP 4-hour chart

EUR/GBP is trading above its main SMAs suggesting that bulls are in control.

EUR/GBP 30-minute chart

EUR/GBP bulls are attacking the 0.8680 resistance one more time.
A break above 0.8680 would be needed for bulls to travel towards 0.8700 figure and 0.8770 resistance.
To the downside, the market should find some support near 0.8650/40 and 0.8610 level.

Additional key levels

EUR/GBP

Overview
Today last price	0.867
Today Daily Change	0.0020
Today Daily Change %	0.23
Today daily open	0.865

Trends
Daily SMA20	0.86
Daily SMA50	0.8622
Daily SMA100	0.8761
Daily SMA200	0.8823

Levels
Previous Daily High	0.866
Previous Daily Low	0.864
Previous Weekly High	0.8682
Previous Weekly Low	0.8618
Previous Monthly High	0.8724
Previous Monthly Low	0.847
Daily Fibonacci 38.2%	0.8653
Daily Fibonacci 61.8%	0.8648
Daily Pivot Point S1	0.864
Daily Pivot Point S2	0.863
Daily Pivot Point S3	0.862
Daily Pivot Point R1	0.8661
Daily Pivot Point R2	0.8671
Daily Pivot Point R3	0.8681

Author

Flavio Tosti

Independent Analyst

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