- EUR/GBP is taking the bids around 0.8580 while heading towards European session on Tuesday.
- The pair continues to remain supported by a three-week-old upward sloping trend-line stretched since March 14.
- Though, 0.8595 - 0.8600 region including 50% Fibonacci retracement of March 13 to 21 advances is likely important resistance to watch.
- Should prices rally beyond 0.8600, 0.8640 and 0.8670 might entertain buyers ahead of pleasing them with 0.8700 and 0.8720 resistance levels.
- In a case when the quote slips under 0.8540 support-line, 0.8500 and 0.8470 could quickly appear on the chart.
- It should also be noted that 61.8% Fibonacci expansion of January 11 to March 21 moves, near 0.8360, can become sellers’ favorite if they dominate sentiment under 0.8470.
Additional important levels
|Today last price||0.8577|
|Today Daily Change||5 pips|
|Today Daily Change %||0.06|
|Today daily open||0.8572|
|Previous Daily High||0.86|
|Previous Daily Low||0.8542|
|Previous Weekly High||0.8724|
|Previous Weekly Low||0.851|
|Previous Monthly High||0.8842|
|Previous Monthly Low||0.8529|
|Daily Fibonacci 38.2%||0.8578|
|Daily Fibonacci 61.8%||0.8564|
|Daily Pivot Point S1||0.8543|
|Daily Pivot Point S2||0.8514|
|Daily Pivot Point S3||0.8486|
|Daily Pivot Point R1||0.86|
|Daily Pivot Point R2||0.8628|
|Daily Pivot Point R3||0.8657|
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