EUR/GBP Technical Analysis: Euro rises above 0.8600 against Sterling

EUR/GBP daily

• EUR/GBP is trading in a sideways trend below its main simple moving averages (SMAs).

EUR/GBP 4-hour chart

• EUR/GBP is trading between the 100 and 200 SMAs suggesting a consolidation phase in the medium-term.

EUR/GBP 30-minute chart

• EUR/GBP is trading above its main SMAs suggesting bullish momentum in the short-term.
• A break above 0.8650 can lead to 0.8720 resistance.
• Immediate supports are seen at 0.8600 and 0.8580 level.

Additional key levels