EUR/GBP Technical Analysis: 0.8752 back on the Euro bulls radar as the market rebounds from the monthly low

  • EUR/GBP is trading in a bear trend below its 200-period simple moving average (SMA).
  • EUR/GBP is currently supported above 0.8700 figure as the bulls are trying to steer the bear trend in the opposite direction. Technical indicators are gaining some bullish traction adding to the bullish constructive outlook for the coming sessions. 
  • Targets to the upside can be seen near 0.8752 (October 16 low) and 0.8800 figure.

EUR/GBP 4-hour chart

Main Trend:            Bearish

Resistance 1:              0.8752 October 16 low
Resistance 2:              0.8800 figure
Resistance 3:              0.8847 September 20 low 
Resistance 4:              0.8876 September 11 low

Support 1:              0.8722 October low
Support 2:              0.8700 figure
Support 3:              0.8665 March 22 low
Support 4:              0.8600 figure

Additional key levels at a glance:


    Last Price: 0.8727
    Daily change: 29 pips
    Daily change: 0.333%
    Daily Open: 0.8698
    Daily SMA20: 0.8807
    Daily SMA50: 0.886
    Daily SMA100: 0.8884
    Daily SMA200: 0.8837
    Daily High: 0.874
    Daily Low: 0.869
    Weekly High: 0.8942
    Weekly Low: 0.8757
    Monthly High: 0.8942
    Monthly Low: 0.8722
    Daily Fibonacci 38.2%: 0.871
    Daily Fibonacci 61.8%: 0.8721
    Daily Pivot Point S1: 0.8679
    Daily Pivot Point S2: 0.866
    Daily Pivot Point S3: 0.8629
    Daily Pivot Point R1: 0.8729
    Daily Pivot Point R2: 0.876
    Daily Pivot Point R3: 0.8779


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