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20 Mar 2019
EUR/GBP Technical Analysis: Euro rises above 0.8600 against Sterling
EUR/GBP daily
- EUR/GBP is trading in a sideways trend below its main simple moving averages (SMAs).
EUR/GBP 4-hour chart
- EUR/GBP is trading between the 100 and 200 SMAs suggesting a consolidation phase in the medium-term.
EUR/GBP 30-minute chart
- EUR/GBP is trading above its main SMAs suggesting bullish momentum in the short-term.
- A break above 0.8650 can lead to 0.8720 resistance.
- Immediate supports are seen at 0.8600 and 0.8580 level.
Additional key levels