EUR/GBP Technical Analysis: Euro at daily highs against Pound nearing 0.8570 resistance

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.
The market is testing the 50 SMA.

EUR/GBP 30-minute chart

EUR/GBP is trading below its 200 SMAs suggesting a bearish bias in the short-term.
Bears need to break the 0.8530 support followed by 0.8500 and 0.8470 level.
To the upside, EUR/GBP is expected to find resistance at 0.8570 and seen 0.8610 level.

Additional key levels

Apr 4, 2019

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