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Trading news
10 Apr 2019
EUR/GBP Technical Analysis: Euro losing strength against Pound
EUR/GBP daily
- EUR/GBP is evolving in a bear trend below its main simple moving averages (SMAs).
- EUR/GBP is rejecting the 0.8650 level and the 50 SMA.
EUR/GBP 4-hour chart
- EUR/GBP is trading above the main SMAs suggesting potential bullish momentum in the medium-term.
EUR/GBP 30-minute chart
- EUR/GBP is trading below its main SMAs suggesting a bearish bias in the short-term.
- The level to beat for sellers is at 0.8590. The next supports are seen at 0.8560 and 0.8520 level.
- To the upside EUR/GBP is expected to find resistance at 0.8610 and 0.8650 level.
Additional key levels