EUR/GBP Technical Analysis: Euro looking for a break of major resistance as trendline lifts pair

  • EUR/GBP on a steady grind into resistance, buoyed by rising trendline.
  • Buyers will be looking to wait until Hourly indicators wind back down and another bounce from lower boundary.
  • Resistance levels are few and far between at these regions.

EUR/GBP Chart, 1-Hour

Spot rate: 0.8813
Relative change: Negligible
High: 0.8821
Low: 0.8812

Trend: Bullish

Support 1: 0.8780 (Wednesday low)
Support 2: 0.8723 (previous week low)
Support 3: 0.8695 (May technical bottom)

Resistance 1: 0.8830 (major key resistance)
Resistance 2: 0.8840 (May technical high)
Resistance 3: 0.8967 (March high)

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