0,8511. EUR GBP is in a range between 0,8480 and 0,8600. EUR GBP moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR GBP. The price should continue to move in 0,8480 / 0,8600 range.
Resistances
0,8575 - 0,8600
Supports
0,8480 - 0,8410

tags: Forex, eurgbp
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.