EUR/GBP Technical Analysis: Euro challenging the daily high against Pound

EUR/GBP daily

• EUR/GBP is evolving in a bear trend below its main simple moving averages (SMAs).
• EUR/GBP is now testing 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 trading above its main SMAs suggesting a bullish bias in the short-term. 
• The level to beat for buyers is at 0.8650 and the next resistance are seen at 0.8690 and 0.8720 level. 
• To the downside, EUR/GBP is expected to find support at 0.8610 and 0.8570 level.

Additional key levels