EUR/GBP Price Analysis: Euro eyeing the 0.8800 figure vs. pound

 

 

EUR/GBP is confined within familiar ranges as the quote is trading below the 0.8800 level and the 200 SMA on the four-hour chart. However, this market has for now little to no directional bias while the overall bias remains bearish. Therefore a daily close below the 0.8700 figure can lead to further selling interest. Conversely, a break above the 0.8800 figure can see some more bullish traction.

 

 

Resistances: 0.8800, 0.8850, 0.8900

Support: 0.8700, 0.8650, 0.8700, 0.8600