EUR/GBP technical analysis: Euro finds resistance at 0.8842 one more time

• EUR/GBP had a strong bull leg in May.
• Will the bulls keep going above 0.8842 resistance in June?

EUR/GBP daily

EUR/GBP broke to 3-month high and above the 200 simple moving average (SMA).

EUR/GBP 4-hour chart

EUR/GBP is in a bullish channel above its main SMAs suggesting a bullish bias in the medium term.

EUR/GBP 30-minute chart

EUR/GBP has been consolidating below 0.8842 resistance in the last four days. If EUR/GBP stays confined below 0.8842, the market can drift down towards 0.8780, 0.8750 and potentially 0.8720 level. However, if the market break above 0.8842 then a bull move to 0.8900 can be on the cards.

Additional key levels