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EUR/GBP Technical Analysis: Euro rises to weekly highs against Sterling

EUR/GBP daily

  • EUR/GBP is trading in a bear trend below its main simple moving averages (SMAs).


EUR/GBP 4-hour chart

  • EUR/GBP broke above the 200 SMA suggesting bullish momentum in the medium-term.

EUR/GBP 30-minute chart

  • EUR/GBP is trading above its main SMAs suggesting a bullish bias in the short-term. 
  • The next resistances in sight for bulls are at 0.8650 and 0.8720 level. 
  • To the downside, EUR/GBP is expected to find support at 0.8570 and 0.8530 level.


Additional key levels

 

 

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NZD/USD Technical Analysis: Slips below 200-DMA to confirm a near-term bearish breakdown

• The pair continued losing ground through the early North-American session and dropped to fresh seven-week lows, further below the very important 20
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