EUR/GBP weakens EUR/GBP to its lowest levels in 2020 and is on its way to its lowest levels in 2019.
The level the bears need to beat is 0.8300.
EUR/GBP daily chartEUR/GBP
EUR/GBP exchange rate is traded EUR/GBP Below the simple daily moving averages (SMAs) This indicates a long-term bearish momentum. Given the market pullback, the bears are likely to head to 0.8300 which was near the 2019 low. A break below this level is likely to extend losses towards 0.8200 and 0.8100. Resistance is found near the 0.8400, 0.8500 and 0.8600 . levels.