EUR/GBP Technical Analysis: Euro consolidating at daily lows near 0.8650 level

EUR/GBP daily

• EUR/GBP is trading in a bear trend below its 100 and 200 simple moving averages (SMAs).
• EUR/GBP is approaching the 0.8700 figure as the market is trading above its 50 SMA.

EUR/GBP 4-hour chart

• EUR/GBP is trading just above its 50 SMA. 

EUR/GBP 30-minute chart

• As discussed yesterday, the decline lead to 0.8650/40 support.
• If 0.8640 holds, EUR/GBP is seen consolidating in the 0.8670-0.8640 range.
• A break below 0.8640 would open the doors to 0.8610 support. 

Additional key levels