- EUR / GBP is negotiated near the 0.8600 area, slightly searway after the European session.
- Despite today's decline, the wider structure remains optimistic with the favorable medium of moving.
- The support is observed at 0.8550 and 0.8526, while the resistance is 0.8564 and 0.8591.
The EURGBP pair released slightly on Wednesday, sliding towards the lower end of its recent rebellious scope after the European session. The pair was seen for the last time by hovering near the 0.8600 area, reflecting a mild withdrawal in a still Bullin technical configuration.
Momentum indicators offer mixed clues. The relative resistance index is approximately 55 years, indicating a neutral tone, while the MacD is currently prints a sales signal. The ultimate oscillator and the average directional index also remain in neutral territory, suggesting a lack of short -term short -term conviction.
Despite this, the wider bias remains constructive. The simple mobile average from 20 days to 0.8516, as well as the 100 days to 0.8372 and 200 days to 0.8387, all point. These longer -term signals are reinforced by the bullish inputs of the exponential mobile average from 30 days to 0.8493 and the SMA from 30 days to 0.8470.
The key support levels are located at 0.8550, 0.8527 and 0.8526. Uplining, immediate resistance is 0.8564, with additional barriers to 0.8569 and 0.8591. For the moment, the pair remains linked to the beach but retains an upward inclination as long as it holds above the handle of 0.8500.
EUR / GBP daily graphics
