Technical Analysis – EUR/GBP

EUR/GBP (4 Hours)

After having rebounded from the resistance level around 0.8768 on the 1st of August, the bears forced the EUR/GBP currency pair down, before the support level around 0.8504 stopped further losses. There the rate experienced demand and increased to the hurdle around 0.8636 again, where it rebounded by approaching the support around 0.8566 as well. Backed by a bearish OsMA and Stochastic, additional losses might follow.
  • Support & Resistance (4 Hours) 0.8566 (23.6) 0.8605 (38.2)
  • Support Levels around 0.8504 (0.0)
  • Resistance Levels around 0.8636 (50.0) N/A 0.8768 (100.0)