EUR/GBP Price Analysis: Finds offers near 0.8330 as trendline and horizontal resistance coincide By Sagar_Dua24 EURGBP Technical Analysis SupportResistance Currencies
The 50-EMA and 20-EMA are eyeing lower, which adds to the downside filters.EUR/GBP
The cross has remained positive in the Asian session after testing the lows of 0.8311 twice on Monday. On an intraday scale, EUR/GBP has failed to breach the 50-period Exponential Moving Average on the upside, which has also supported bears to strengthen further. The 50-EMA and 200-EMA are pointing to the downside, which adds to the bearishThe Relative Strength Index has sensed resistance from 60.
On the flip side, EUR/GBP may rebound if it manages to breach 0.8325 on the upside decisively. This may push the cross higher around Monday’s average price of 0.8337 and its high at 0.8352 respectively.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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