{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-gbp-is-in-a-downward-move-faces-rejection-at-level-0-8700\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-gbp-is-in-a-downward-move-faces-rejection-at-level-0-8700\/","headline":"EUR\/GBP Is in a Downward Move, Faces Rejection at Level 0.8700","name":"EUR\/GBP Is in a Downward Move, Faces Rejection at Level 0.8700","description":"EUR\/GBP Long-Term Analysis: BullishThe Pound was earlier in a brief uptrend as it reached the high of level 0.8700. Since April, the bulls have been resting the resistance level at 0.8700 to break it. Consequently, the EUR\/GBP pair is falling on the downside. The pair is likely to retest the previous low at level 0.8500. […]","datePublished":"2021-05-13","dateModified":"2021-05-13","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/05\/EURGBP-FX-SCH.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/05\/EURGBP-FX-SCH.png","height":588,"width":914},"url":"https:\/\/forexschoolonline.com\/eur-gbp-is-in-a-downward-move-faces-rejection-at-level-0-8700\/","about":["Article","Trade Idea"],"wordCount":201,"keywords":["EUR\/GBP","Price Analysis"],"articleBody":"EUR\/GBP Long-Term Analysis: BullishThe Pound was earlier in a brief uptrend as it reached the high of level 0.8700. Since April, the bulls have been resting the resistance level at 0.8700 to break it. Consequently, the EUR\/GBP pair is falling on the downside. The pair is likely to retest the previous low at level 0.8500. The downtrend will resume if the price breaks below current support at level 0.8500.EUR\/GBP Indicator Analysis The Pound has fallen to level 40 of the Relative Strength Index period 14. It indicates that the Pound is in the downtrend zone below the centerline 50. The 21-day and 50-day SMAs are sloping downward indicating the downtrend.EUR\/GBP – Daily ChartTechnical indicators: Major Resistance Levels \u2013 0.9200, 0.9300, 0.9400Major Support Levels \u2013 0.8500, 0.8400, 0.8300What Is the Next Direction for EUR\/GBP)? The Pound is facing rejection at level 0.8700 for over a month which resulted in its downward move. The pair is falling on the downside to retest level 08500. The selling pressure will continue if the bears break below level 0.8500.EUR\/GBP – 4 Hour ChartNote: Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing result"}