EUR/GBP Technical Analysis: 0.8840 target hit as Euro bulls attempt a counter-attack

Flavio Tosti Independent Analyst

EUR/GBP Daily chart

EUR/GBP is trading in a sideways trend and testing the 200-day simple moving averages (SMAs).
At 19.00 GMT, investors must be cautious as Conservative Party lawmakers will vote for or against PM Theresa May amid growing discontent on the Brexit deal.
As forecast, the 0.8840 bear target has been reached.

EUR/GBP 4-four chart

EUR/GBP is trading below its main SMAs.

EUR/GBP 30-minute chart

EUR/GBP bears must break below the 0.8840 level to reach 0.8800 figure.
On the flip side, bulls will target 0.8920 and 0.8970 levels as buyers have a slight advantage.
Caution is advised as Brexit-related news can lead to high volatility on GBP pairs.

Additional key levels

EUR/GBP

Overview:
    Today Last Price: 0.8861
    Today Daily change: 2.0 pips
    Today Daily change %: 0.0226%
    Today Daily Open: 0.8859
Trends:
    Previous Daily SMA20: 0.8987
    Previous Daily SMA50: 0.8924
    Previous Daily SMA100: 0.8898
    Previous Daily SMA200: 0.8864
Levels:
    Previous Daily High: 0.8988
    Previous Daily Low: 0.8854
    Previous Weekly High: 0.9062
    Previous Weekly Low: 0.8923
    Previous Monthly High: 0.9089
    Previous Monthly Low: 0.8863
    Previous Daily Fibonacci 38.2%: 0.8905
    Previous Daily Fibonacci 61.8%: 0.8937
    Previous Daily Pivot Point S1: 0.8813
    Previous Daily Pivot Point S2: 0.8766
    Previous Daily Pivot Point S3: 0.8679
    Previous Daily Pivot Point R1: 0.8947
    Previous Daily Pivot Point R2: 0.9034
    Previous Daily Pivot Point R3: 0.9081

Author

Flavio Tosti

Independent Analyst

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