EUR/GBP Technical Analysis: Euro bulls grinding up and testing 0.8900 figure
|- EUR/GBP is trading in an uptrend above the 200-period simple on the 4-hour chart.
- EUR/GBP has been trading in a bull channel for the most part of October and it is now trying to breakout above the 0.8900 figure. Technical indicators show no slowing down of the current trend suggesting that a potential continuation up towards 0.8950 figure can be on the cards.
- However, a strong rejection of 0.8900 might lead to a correction to 0.8850 and the 200-period simple moving average.
Main Trend: Bullish
Resistance 1: 0.8900 figure
Resistance 2: 0.8950 figure
Resistance 3: 0.9000 figure
Support 1: 0.8876 September 11 low
Support 2: 0.8847 September 20 low
Support 3: 0.8800 figure
Support 4: 0.8752 October 16 low
Support 5: 0.8722 October low
Additional key levels at a glance
EUR/GBP
Overview:
Last Price: 0.8892
Daily change: 5.0 pips
Daily change: 0.0563%
Daily Open: 0.8887
Trends:
Daily SMA20: 0.8816
Daily SMA50: 0.8899
Daily SMA100: 0.8883
Daily SMA200: 0.8836
Levels:
Daily High: 0.8897
Daily Low: 0.8862
Weekly High: 0.8897
Weekly Low: 0.8798
Monthly High: 0.9054
Monthly Low: 0.8848
Daily Fibonacci 38.2%: 0.8883
Daily Fibonacci 61.8%: 0.8875
Daily Pivot Point S1: 0.8866
Daily Pivot Point S2: 0.8846
Daily Pivot Point S3: 0.8831
Daily Pivot Point R1: 0.8902
Daily Pivot Point R2: 0.8917
Daily Pivot Point R3: 0.8937
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