EUR/GBP Technical Analysis: Euro reversing up from 2019 lows against Sterling

EUR/GBP daily

• EUR/GBP is trading in a bear trend below its main simple moving averages (SMAs).
• EUR/GBP is attempting to bottom near 0.8500 figure and the 2019 low.

EUR/GBP 4-hour chart

• EUR/GBP is trading below its main SMAs suggesting a downward pressure in the medium-term.

EUR/GBP 30-minute chart

• EUR/GBP reclaimed the 0.8550 level and the 100 SMA.
• If bulls can keep the current pace they can be en route towards 0.8570 and 0.8600 resistances.
• Support is seen at 0.8550, 0.8520 and 0.8500 figure.

Additional key levels