EUR/GBP Technical Analysis: Euro retracing to 0.8850 level after hitting a new monthly high
|- EUR/GBP is trading in a bull trend above the 200-period simple moving average (SMA) on the 4-hour chart.
- EUR/GBP retreated quite sharply from the 0.8950 resistance and October high. It is now consolidating just above the 0.8847 support and the 50 and 200 SMA.
- The RSI, MACD and Stochastic indicators have all turned bearish suggesting a pause in the bull trend.
EUR/GBP 4-hour chart
Main Trend: Bullish
Resistance 1: 0.8876 September 11 low
Resistance 2: 0.8900 figure
Resistance 3: 0.8950 figure
Resistance 4: 0.8974 September 6 low
Resistance 5: 0.9000 figure
Support 1: 0.8847 September 20 low
Support 2: 0.8800 figure
Support 3: 0.8752 October 16 low
Support 4: 0.8722 October low
Additional key levels at a glance:
EUR/GBP
Overview:
Last Price: 0.8864
Daily change: -64 pips
Daily change: -0.717%
Daily Open: 0.8928
Trends:
Daily SMA20: 0.8818
Daily SMA50: 0.8897
Daily SMA100: 0.8885
Daily SMA200: 0.8837
Levels:
Daily High: 0.8942
Daily Low: 0.8882
Weekly High: 0.8897
Weekly Low: 0.8798
Monthly High: 0.9054
Monthly Low: 0.8848
Daily Fibonacci 38.2%: 0.8919
Daily Fibonacci 61.8%: 0.8905
Daily Pivot Point S1: 0.8893
Daily Pivot Point S2: 0.8858
Daily Pivot Point S3: 0.8834
Daily Pivot Point R1: 0.8952
Daily Pivot Point R2: 0.8976
Daily Pivot Point R3: 0.9011
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