EUR/GBP Technical Analysis: Euro sub-08600 near the daily lows

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 is trading below its main SMAs suggesting a bearish bias in the medium-term.

EUR/GBP 30-minute chart

• EUR/GBP is trading between the 100 and 200 SMAs suggesting a consolidation in the short-term. 
• To the downside, the next supports are seen at 0.8530 and 0.8500 level.
• On the way up, initial resistance is seen at 0.8530 and 0.8600 level.

Additional key levels