EUR/GBP Technical Analysis: Bull party is over as EUR/GBP falls to 0.9000 figure
|- EUR/GBP bears broke below the bull trend channel and are currently testing the 0.9000 figure.
- Since the bull momentum has been so strong in the last weeks bulls might try to resume the bull trend another time.
- The sell-off was strong and their attempt is likely to fail near 0.9050 resistance.
EUR/GBP 15-minute chart
Spot rate: 0.9000
Relative change: -0.96%
High: 0.9093
Low: 0.8987
Main Trend: Bullish
Resistance 1: 0.9032 former 2018 high
Resistance 2: 0.9048 current 2018 high
Resistance 3: 0.9056 August 13, 2017 low
Resistance 4: 0.9100 figure
Resistance 5: 0.9121 September 10, 2017 high
Resistance 6: 0.9171 September 8, 2017 open
Support 1: 0.9000 figure
Support 2: 0.8965 supply/demand level
Support 3: 0.8940 August 14 high
Support 4: 0.8900 July 9 high
Support 5: 0.8868, 13 July high
Support 6: 0.8840 supply level
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.