The EUR/GBP rallies for the fourth straight day in the mid-North American session, gains a minimal 0.08%, trading at 0.8724 after hitting a daily low of 0.8693.
EUR/GBP edges higher to 0.8724, marking a slight 0.08% increase, as it sustains momentum above the 200-day moving average. The pair's advance slows, indicated by a lower Average True Range, pointing to decreased market volatility. The next bullish milestones are set at the recent peak of 0.8754 and the psychological 0.8800 level, while a dip below 0.8700 could challenge the 200-DMA support. The cross-pair is upward biased once it reclaimed the 200-day moving average at 0.8687.
On the other hand, if sellers’ step in and pull the exchange rate below 0.8700, that would open the door to test the 200-DMA at 0.8687, which would exacerbate a drop to the 50-DMA at 0.8653. EUR/GBP Price Analysis – Daily Chart EUR/GBP Technical Levels EUR/GBP Overview Today last price 0.8724 Today Daily Change 0.0009 Today Daily Change % 0.10 Today daily open 0.8715 Trends Daily SMA20 0.8694 Daily SMA50 0.8652 Daily SMA100 0.8619 Daily SMA200 0.8691 Levels Previous Daily High 0.
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