EUR/GBP Technical Analysis: Buyers aim for 0.8617/27 on immediate resistance break
|- EUR/GBP is taking bids around 0.8610 before European sessions on Tuesday.
- The pair recently crossed immediate trend-line resistance that joined highs marked since February 14.
- As a result, the region comprising January lows and present month high around 0.8617-27 gains buyers’ attention.
- Should prices rally beyond 0.8627, 23.6% Fibonacci retracement of January – February dip, at 0.8665, followed by 0.8725 and another downward sloping trend-line at 0.8735, could please the Bulls.
- If the pair fails to hold its post breakout strength, 0.8560 and 0.8530 are likely nearby numbers to appear on the chart.
- Additionally, pair’s decline beneath 0.8530 might not refrain from visiting the 61.8% Fibonacci expansion of its recent moves around 0.8500 mark.
EUR/GBP 4-Hour chart
Additional important levels:
Overview:
Today Last Price: 0.861
Today Daily change: 2 pips
Today Daily change %: 0.02%
Today Daily Open: 0.8608
Trends:
Daily SMA20: 0.8706
Daily SMA50: 0.8806
Daily SMA100: 0.884
Daily SMA200: 0.8859
Levels:
Previous Daily High: 0.861
Previous Daily Low: 0.8558
Previous Weekly High: 0.8702
Previous Weekly Low: 0.8529
Previous Monthly High: 0.8842
Previous Monthly Low: 0.8529
Daily Fibonacci 38.2%: 0.859
Daily Fibonacci 61.8%: 0.8578
Daily Pivot Point S1: 0.8574
Daily Pivot Point S2: 0.8539
Daily Pivot Point S3: 0.8521
Daily Pivot Point R1: 0.8627
Daily Pivot Point R2: 0.8645
Daily Pivot Point R3: 0.8679
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