EUR/GBP Technical Analysis: Bears challenging 0.8630 weekly low support

Flavio Tosti Independent Analyst

EUR/GBP daily

EUR/GBP is trading in a bear trend below its 100 and 200 simple moving averages (SMAs).
EUR/GBP is trading at its lowest in the last 6 trading days.

EUR/GBP 4-hour chart

EUR/GBP is rejecting its main 50 SMA suggesting a downward correction in the medium-term.

EUR/GBP 30-minute chart

EUR/GBP is trading below its main SMAs as the bears are challenging the 0.8630 support.
A break below the support can lead to the 0.8600 figure.
Resistance is seen at 0.8650 and 0.8665 level.

Additional key levels

EUR/GBP

Overview
Today last price	0.8633
Today Daily Change	-0.0015
Today Daily Change %	-0.17
Today daily open	0.8648

Trends
Daily SMA20	0.8619
Daily SMA50	0.8616
Daily SMA100	0.8753
Daily SMA200	0.882

Levels
Previous Daily High	0.8685
Previous Daily Low	0.863
Previous Weekly High	0.8682
Previous Weekly Low	0.8618
Previous Monthly High	0.8724
Previous Monthly Low	0.847
Daily Fibonacci 38.2%	0.8651
Daily Fibonacci 61.8%	0.8664
Daily Pivot Point S1	0.8623
Daily Pivot Point S2	0.8599
Daily Pivot Point S3	0.8568
Daily Pivot Point R1	0.8678
Daily Pivot Point R2	0.8709
Daily Pivot Point R3	0.8733

Author

Flavio Tosti

Independent Analyst

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