News

EUR/GBP Technical Analysis: Euro takes a dive against Pound on BoE Super Thursday

EUR/GBP daily chart

  • EUR/GBP is trading in a sideways trend below the 200-day simple moving averages (SMAs).
  • The Bank of England Super Thursday sent the EUR/GBP down about 70 pips.

EUR/GBP 4-hour chart

  • EUR/GBP is trading below its mains SMAs on the 4-hour chart suggesting bearish momentum in the medium term.

EUR/GBP 30-minute chart

  • EUR/GBP broke below 0.8785 support and its main SMAs suggesting bearish momentum in the short-term.
  • The next supports to the downside can now be seen near 0.8720, 0.8700 figure and all the way down to 0.8660 if bears gather enough steam.

Additional key levels

EUR/GBP

Overview:
    Today Last Price: 0.8732
    Today Daily change: -56 pips
    Today Daily change %: -0.64%
    Today Daily Open: 0.8788
Trends:
    Daily SMA20: 0.879
    Daily SMA50: 0.8905
    Daily SMA100: 0.8868
    Daily SMA200: 0.8866
Levels:
    Previous Daily High: 0.8818
    Previous Daily Low: 0.8772
    Previous Weekly High: 0.8795
    Previous Weekly Low: 0.8636
    Previous Monthly High: 0.9119
    Previous Monthly Low: 0.8617
    Daily Fibonacci 38.2%: 0.879
    Daily Fibonacci 61.8%: 0.88
    Daily Pivot Point S1: 0.8768
    Daily Pivot Point S2: 0.8748
    Daily Pivot Point S3: 0.8723
    Daily Pivot Point R1: 0.8813
    Daily Pivot Point R2: 0.8838
    Daily Pivot Point R3: 0.8858

 

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.