EUR/GBP Technical Analysis: Euro bears finally break below 0.8530 support 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 is trading below its main SMAs suggesting a bearish bias in the medium-term.

EUR/GBP 30-minute chart

• EUR/GBP is trading below its main SMAs suggesting a bearish momentum in the short-term.
• The bears finally broke below 0.8530 support and landed on the 0.8500 level. A break below this support should open the doors to the 0.8440 level.
• Resistance is now seen at 0.8530 and 0.8580 level.

Additional key levels