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