EUR/GBP Technical Analysis: Bears break 0.8620 support en route to 0.8600 figure

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EUR/GBP daily

• EUR/GBP is trading in a bear trend below its 100 and 200 simple moving averages (SMAs).

EUR/GBP 4-hour chart

• EUR/GBP is trading below its 50 and 100 SMAs suggesting a downward correction in the medium-term.

EUR/GBP 30-minute chart

• Bears broke below 0.8620 opening the doors to 0.8600 figure.
• Resistance is now at 0.8630 and 0.8650 level.

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