EUR/GBP Technical Analysis: 0.8550 can be the next pit-stop for bears

EUR/GBP daily

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

EUR/GBP 4-hour chart

• EUR/GBP is trading below its main SMAs suggesting a downward pressure in the medium-term.

EUR/GBP 30-minute chart

• EUR/GBP is under pressure as the currency cross trades below its main SMAs. 
• A break below 0.8570 can open the doors to 0.8550 support. 
• Resistances are currently at 0.8600 and 0.8620 level.

Additional key levels