EUR/GBP Price Analysis: Struggles at 50-day EMA, despite buyers stepping in – by christianborjon EURGBP Currencies Crosses Technical Analysis
EUR/GBP remains neutral to downward biased, with strong resistance at around 0.8650/75, potentially hindering buyers’ attempts to reach 0.8700.
A daily close below the 50-day EMA at 0.8609 could open the way for a drop toward last week’s low of 0.8544 or the YTD low of 0.8504.extends its gains to two consecutive days but faces solid resistance at around 0.8630, with the EUR/GBP pair dropping below the 50-day Exponential Moving Average at 0.8609. At the time of writing, the EUR/GBP exchanges hands at 0.8607, gaining 0.12% after reaching a low of 0.8584.
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