- EUR/GBP is finding some footing near the October lows.
- The level to beat for bulls is the 0.8680 resistance.
EUR/GBP daily chart
EUR/GBP, on the daily chart, is trading in a downtrend below its main daily simple moving averages (DMAs). In the last weeks of trading, the euphoria of a Brexit deal sent the market below the 0.8600 handle.
EUR/GBP four-hour chart
EUR/GBP is trading below the 100 and 200 SMAs, suggesting a bearish bias in the medium term. In the medium term horizon, only a daily close below the 0.8575 support can potentially lead the market to the 0.8500 handle, according to the Technical Confluences Indicator.
EUR/GBP 30-minute chart
EUR/GBP is trading above its 200 SMA, suggesting a bullish bias in the near term. Next week bulls can try to reach the 0.8680, 0.8700 and 0.8720 on the way up, according to the Technical Confluences Indicator.
Additional key levels
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