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)

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.