EUR/GBP Technical Analysis: Euro climbs to daily highs near 0.8650 resistance

EUR/GBP daily

• EUR/GBP is evolving in a bear trend below its 100 and 200 simple moving averages (SMAs).

EUR/GBP 4-hour chart

• EUR/GBP is trading below its 50 SMA suggesting a downward correction in the medium-term.

EUR/GBP 30-minute chart

• EUR/GBP is grinding towards 0.8650 resistance and the 200 SMA. 
• Bulls will need to break 0.8650 to claim further gains towards 0.8665 resistance.
• In the short-term, below 0.8650 resistance sellers can target 0.8630/20 and 0.8600 if the bears gather enough steam.

Additional key levels