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?

Flavio Tosti Independent Analyst

EUR/GBP daily

EUR/GBP broke to 3-month high and above the 200 simple moving average (SMA).

EUR/GBP 4-hour chart

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.

Additional key levels

EUR/GBP

Overview
Today last price	0.883
Today Daily Change	0.0016
Today Daily Change %	0.18
Today daily open	0.8814

Trends
Daily SMA20	0.8706
Daily SMA50	0.8649
Daily SMA100	0.8676
Daily SMA200	0.8789

Levels
Previous Daily High	0.8834
Previous Daily Low	0.8797
Previous Weekly High	0.8852
Previous Weekly Low	0.8724
Previous Monthly High	0.8685
Previous Monthly Low	0.8502
Daily Fibonacci 38.2%	0.8811
Daily Fibonacci 61.8%	0.882
Daily Pivot Point S1	0.8796
Daily Pivot Point S2	0.8778
Daily Pivot Point S3	0.876
Daily Pivot Point R1	0.8833
Daily Pivot Point R2	0.8851
Daily Pivot Point R3	0.8869

Author

Flavio Tosti

Independent Analyst

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