EUR/GBP technical analysis: Euro breaks above 0.8700 the figure nearing 2-month highs

EUR/GBP daily On the daily chart, EUR/GBP is trading in a bull leg now surpassing the 100 simple moving average (SMAs). EUR/GBP is reversing up sharpl  |  15/05/2019 14:58

EUR/GBP daily

On the daily chart, EUR/GBP is trading in a bull leg now surpassing the 100 simple moving average (SMAs).
EUR/GBP is reversing up sharply from the 2019 low as it has been up for 8 consecutive days.

EUR/GBP 4-hour chart


EUR/GBP is challenging March’s high (0.8723) as it broke above the 0.8700 figure.

EUR/GBP 30-minute chart

EUR/GBP is trading above its main SMAs suggesting bullish momentum. The next hurdle for buyers is seen at the 0.8720 level. If broken, bulls might set their eyes on 0.8750 level resistance.
Support is at 0.8700 and 0.8660 level.

Additional key levels

 

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