EUR/GBP Technical Analysis: Euro drops to 3-day’s low against Sterling

EUR/GBP daily

• EUR/GBP is trading in a sideways trend below its main simple moving averages (SMAs).

EUR/GBP 4-hour chart

• EUR/GBP is trading below its main SMAs suggesting bearish momentum in the medium-term.

EUR/GBP 30-minute chart

• EUR/GBP is trading below its main SMAs suggesting a bearish momentum in the short-term.
• The 0.8530 level is currently acting as support with 0.8580 and 0.8600 as Immediate resistances. 
• Further down, 0.8500 and 0.8440 are seen as support on a bearish extension.

Additional key levels