EUR/GBP Technical Analysis: Euro bulls looking at 0.9000 target next week against the British Pound
|EUR/GBP daily chart
- EUR/GBP is trading at the top of the bear channel as it broke above all the main simple moving averages (SMA).
- Technical indicators such as RSI is above 50 while the MACD crossed over from below.
EUR/GBP 4-hour chart
- The next objective for bulls is to reach 0.8941 (October high) followed by 0.8997 (Sept. 21 high).
EUR/GBP 30-minute chart
- In the meanwhile, the level to beat for bulls is the 0.8900 resistance.
- A break below 0.8820 can be a sign of bullish weakness.
Additional key levels at a glance:
EUR/GBP
Overview:
Last Price: 0.8897
Daily change: 28 pips
Daily change: 0.316%
Daily Open: 0.8869
Trends:
Daily SMA20: 0.8798
Daily SMA50: 0.8835
Daily SMA100: 0.8881
Daily SMA200: 0.8835
Levels:
Daily High: 0.8892
Daily Low: 0.8696
Weekly High: 0.8774
Weekly Low: 0.869
Monthly High: 0.8942
Monthly Low: 0.8722
Daily Fibonacci 38.2%: 0.8817
Daily Fibonacci 61.8%: 0.8771
Daily Pivot Point S1: 0.8746
Daily Pivot Point S2: 0.8623
Daily Pivot Point S3: 0.8551
Daily Pivot Point R1: 0.8942
Daily Pivot Point R2: 0.9014
Daily Pivot Point R3: 0.9137
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.