- EUR/GBP declines from a three-month high.
- Bullish MACD favors confrontation to 61.8% Fibonacci retracement.
- December 2019 top acts as immediate support.
EUR/GBP declines 0.05% to 0.8615 during the pre-Europe session on Monday. In doing so, the pair takes a U-turn from a confluence of 200-day EMA and 50% Fibonacci retracement level of its October-December fall.
That said, December 2019 top surrounding 0.8600 and 38.2% Fibonacci retracement near 0.8560 acts as the immediate supports to watch.
However, buyers should not lose their hopes unless EUR/GBP prices slip below the 100-day EMA level of 0.8540 on a daily closing basis.
Meanwhile, bullish MACD favors the odds of the pair’s further upside towards 61.8% Fibonacci retracement level of 0.8735.
In a case where the quote remains positive past-0.8735, September 2019 low close to 0.8785 will be the key to watch.
EUR/GBP daily chart
Additional important levels
|Today last price||0.8616|
|Today Daily Change||6 pips|
|Today Daily Change %||0.07%|
|Today daily open||0.861|
|Previous Daily High||0.8644|
|Previous Daily Low||0.8521|
|Previous Weekly High||0.8644|
|Previous Weekly Low||0.8338|
|Previous Monthly High||0.8644|
|Previous Monthly Low||0.8282|
|Daily Fibonacci 38.2%||0.8597|
|Daily Fibonacci 61.8%||0.8568|
|Daily Pivot Point S1||0.8539|
|Daily Pivot Point S2||0.8469|
|Daily Pivot Point S3||0.8417|
|Daily Pivot Point R1||0.8662|
|Daily Pivot Point R2||0.8714|
|Daily Pivot Point R3||0.8784|
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