EUR/GBP technical analysis: Euro meets the 0.8900 resistance

EUR/GBP has been in a strong bull leg in May.
The level to beat for bulls is the 0.8900 handle.

Flavio Tosti Independent Analyst

EUR/GBP daily

EUR/GBP had a strong bull rally in May.

EUR/GBP 4-hour chart

The euro vs. Sterling exchange rate is in an ascending channel above the main simple moving averages (SMAs).

EUR/GBP 30-minute chart

EUR/GBP is trading at the daily high above its main SMAs. Bulls want to break 0.8900 resistance to drive the market up to 0.8940. On the flip side, bears want to keep the market below the 0.8900 figure. Ideally, bears should have a daily close below 0.8820 to gather selling pressure towards 0.8780 support.

Additional key levels

EUR/GBP

Overview
Today last price	0.8887
Today Daily Change	0.0041
Today Daily Change %	0.46
Today daily open	0.8846

Trends
Daily SMA20	0.8779
Daily SMA50	0.8677
Daily SMA100	0.8673
Daily SMA200	0.8785

Levels
Previous Daily High	0.888
Previous Daily Low	0.8841
Previous Weekly High	0.8876
Previous Weekly Low	0.879
Previous Monthly High	0.8876
Previous Monthly Low	0.8489
Daily Fibonacci 38.2%	0.8856
Daily Fibonacci 61.8%	0.8865
Daily Pivot Point S1	0.8831
Daily Pivot Point S2	0.8817
Daily Pivot Point S3	0.8793
Daily Pivot Point R1	0.887
Daily Pivot Point R2	0.8894
Daily Pivot Point R3	0.8908

Author

Flavio Tosti

Independent Analyst

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