EUR/GBP technical analysis: Euro trading at 5-day high above 0.8600 against Sterling

• EUR/GBP is boosted by Sterling weakness.
• EUR/GBP is attempting to rebound from the 2019 low, is the bottom in?

EUR/GBP daily

EUR/GBP is trading in a bear trend below its 100 and 200 simple moving averages (SMAs).
EUR/GBP is up for the third consecutive day.

EUR/GBP 4-hour chart

EUR/GBP is challenging the 0.8600 figure as well as the 100 and 200 SMAs.

EUR/GBP 30-minute chart

EUR/GBP is trading above its main SMAs suggesting bullish momentum.
Bull next challenge is to break 0.8620 to travel towards 0.8650 resistance.
Support is seen at 0.8600, 0.8570 and 0.8550 levels.

Additional key levels