EUR/GBP Price Analysis: Bears struggle between key HMAs around mid-0.8600s

  • EUR/GBP remains on the back foot between 100 and 200-HMA.
  • Bearish MACD, sustained break of short-term support line, now resistance, favor sellers.
  • The falling trend line from Friday adds to the upside barriers.

Following its downtick to the lowest since Thursday in early Asia, EUR/GBP seesaws in a choppy range inside the 100 and 200-HMA, currently down 0.25% to 0.8640, during the pre-European session on Monday.

In doing so, the quote keeps downside break of an ascending trend line from Wednesday amid bearish MACD.

As a result, EUR/GBP sellers seem to wait for a clear downside break of 200-HMA level of 0.8637 while targeting the 0.8600 threshold.

However, the previous month’s low, also the lowest since February 2020, around 0.8540, will lure the EUR/GBP bears below the 0.8600 round-figure.

Meanwhile, an upside break of 200-HMA level of 0.8652 will trigger a fresh run-up targeting an immediate resistance line, at 0.8665 now, a break of which will highlight another hurdle, the previous support line, close to 0.8685.

If at all, the EUR/GBP bulls manage to cross 0.8685, multiple lows marked during April 2020, close to the 0.8700 psychological magnet, will challenge the quote’s further upside.

Overall, EUR/GBP remains on the back-foot but sellers await confirmation for fresh entries.

EUR/GBP hourly chart

Trend: Bearish

Additional important levels

Today last price 0.8642
Today Daily Change -20 pips
Today Daily Change % -0.23%
Today daily open 0.8662
Daily SMA20 0.8722
Daily SMA50 0.8863
Daily SMA100 0.8939
Daily SMA200 0.8987
Previous Daily High 0.8731
Previous Daily Low 0.8656
Previous Weekly High 0.8731
Previous Weekly Low 0.8539
Previous Monthly High 0.886
Previous Monthly Low 0.8539
Daily Fibonacci 38.2% 0.8685
Daily Fibonacci 61.8% 0.8702
Daily Pivot Point S1 0.8636
Daily Pivot Point S2 0.8609
Daily Pivot Point S3 0.8561
Daily Pivot Point R1 0.871
Daily Pivot Point R2 0.8758
Daily Pivot Point R3 0.8784



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