EUR/GBP technical analysis: Euro trading at 5-day high above 0.8600 against Sterling

EUR/GBP is boosted by Sterling weakness.
EUR/GBP is attempting to rebound from the 2019 low, is the bottom in?

Flavio Tosti Independent Analyst

EUR/GBP daily

EUR/GBP is trading in a bear trend below its 100 and 200 simple moving averages (SMAs).
EUR/GBP is up for the third consecutive day.

EUR/GBP 4-hour chart

EUR/GBP is challenging the 0.8600 figure as well as the 100 and 200 SMAs.

EUR/GBP 30-minute chart

EUR/GBP is trading above its main SMAs suggesting bullish momentum.
Bull next challenge is to break 0.8620 to travel towards 0.8650 resistance.
Support is seen at 0.8600, 0.8570 and 0.8550 levels.

Additional key levels

EUR/GBP

Overview
Today last price	0.8609
Today Daily Change	0.0049
Today Daily Change %	0.57
Today daily open	0.856

Trends
Daily SMA20	0.862
Daily SMA50	0.8594
Daily SMA100	0.8717
Daily SMA200	0.8805

Levels
Previous Daily High	0.8582
Previous Daily Low	0.8538
Previous Weekly High	0.8654
Previous Weekly Low	0.8496
Previous Monthly High	0.8685
Previous Monthly Low	0.8502
Daily Fibonacci 38.2%	0.8565
Daily Fibonacci 61.8%	0.8554
Daily Pivot Point S1	0.8537
Daily Pivot Point S2	0.8515
Daily Pivot Point S3	0.8493
Daily Pivot Point R1	0.8582
Daily Pivot Point R2	0.8604
Daily Pivot Point R3	0.8626

Author

Flavio Tosti

Independent Analyst

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