EUR/GBP Technical Analysis: The 0.8650 resistance is a tough nut to crack for bulls

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 reclaimed the 50 SMA.

EUR/GBP 4-hour chart

EUR/GBP is trading above the main SMAs suggesting bullish momentum in the medium-term.

EUR/GBP 30-minute chart

EUR/GBP is once again rejecting the 0.8650 level. The bulls will need to break to reach 0.8690 level to the upside.
Looking down, support is at 0.8610, 0.8590 and 0.8560.

Additional key levels

EUR/GBP

Overview
Today last price	0.8646
Today Daily Change	0.0016
Today Daily Change %	0.19
Today daily open	0.863

Trends
Daily SMA20	0.8592
Daily SMA50	0.8632
Daily SMA100	0.877
Daily SMA200	0.8827

Levels
Previous Daily High	0.865
Previous Daily Low	0.8618
Previous Weekly High	0.8658
Previous Weekly Low	0.859
Previous Monthly High	0.8724
Previous Monthly Low	0.847
Daily Fibonacci 38.2%	0.863
Daily Fibonacci 61.8%	0.8638
Daily Pivot Point S1	0.8615
Daily Pivot Point S2	0.86
Daily Pivot Point S3	0.8582
Daily Pivot Point R1	0.8647
Daily Pivot Point R2	0.8665
Daily Pivot Point R3	0.868

Author

Flavio Tosti

Independent Analyst

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