EUR/GBP Technical Analysis: Euro stuck to weekly lows near 0.8630 support

EUR/GBP daily

• EUR/GBP is trading in a bear trend below its 100 and 200 simple moving averages (SMAs).
• EUR/GBP is trading near its weekly lows as bears are hesistant to move the currency cross lower.

EUR/GBP 4-hour chart

• EUR/GBP is rejecting its main 50 SMA suggesting a downward correction in the medium-term.

EUR/GBP 30-minute chart

• EUR/GBP is trading below its main SMAs suggesting bearish momentum in the short-term.
• A break below 0.8630 support can lead to 0.8600 the figure. 
• Resistance is at 0.8650 and 0.8665 level.

Additional key levels