EUR/GBP Technical Analysis: Euro rises to weekly highs against Sterling

EUR/GBP daily

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

EUR/GBP 4-hour chart

• EUR/GBP broke above the 200 SMA suggesting bullish momentum in the medium-term.

EUR/GBP 30-minute chart

• EUR/GBP is trading above its main SMAs suggesting a bullish bias in the short-term. 
• The next resistances in sight for bulls are at 0.8650 and 0.8720 level. 
• To the downside, EUR/GBP is expected to find support at 0.8570 and 0.8530 level.

Additional key levels