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Euro eyeing the 0.8800 figure vs. pound

  • EUR/GBP is navigating within familiar ranges. 
  • EUR/GBP is slowly nearing the 0.8800 level. 

 

EUR/GBP four-hour chart 

 

EUR/GBP is confined within familiar ranges as the quote is trading below the 0.8800 level and the 200 SMA on the four-hour chart. However, this market has for now little to no directional bias while the overall bias remains bearish. Therefore a daily close below the 0.8700 figure can lead to further selling interest. Conversely, a break above the 0.8800 figure can see some more bullish traction.

 

 

Resistances: 0.8800, 0.8850, 0.8900

Support: 0.8700, 0.8650, 0.8700, 0.8600

 

 

 

Additional key levels

 

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