- EUR/GBP stays positive above 200-bar SMA, inside weekly ascending channel.
- Multiple upside barriers challenge the bulls beyond 0.9100.
EUR/GBP prints 0.20% intraday gains while trading around 0.9070 ahead of Tuesday’s European session. In doing so, the pair keeps its run-up beyond 200-bar SMA, as portrayed by the one-week-old ascending trend channel formation.
The mood also got a back-up from MACD conditions to keep the EUR/GBP buyers hopeful despite the previous day’s pullback from the seven-week top.
Hence, the quote presently eyes the 0.9100 round-figure ahead of looking to revisit the previous day’s high of 0.9142.
However, any more upside past-0.9142 may catch a breather around the upper line of the stated channel, at 0.9153, if not then October’s top near 0.9163 may return to the charts.
Alternatively, a downside break of the channel support, at 0.9015 now, can recall the 0.9000 but the key SMA support, around 0.8985, could disappoint EUR/GBP sellers afterward.
EUR/GBP four-hour chart
Additional important levels
|Today last price||0.9071|
|Today Daily Change||20 pips|
|Today Daily Change %||0.22%|
|Today daily open||0.9051|
|Previous Daily High||0.9142|
|Previous Daily Low||0.9024|
|Previous Weekly High||0.9084|
|Previous Weekly Low||0.8929|
|Previous Monthly High||0.9069|
|Previous Monthly Low||0.8861|
|Daily Fibonacci 38.2%||0.9097|
|Daily Fibonacci 61.8%||0.9069|
|Daily Pivot Point S1||0.9003|
|Daily Pivot Point S2||0.8954|
|Daily Pivot Point S3||0.8884|
|Daily Pivot Point R1||0.9121|
|Daily Pivot Point R2||0.9191|
|Daily Pivot Point R3||0.924|
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