EUR/GBP Technical Analysis: Challenging the 0.8880 level as Euro makes a new November high against Sterling


EUR/GBP 4-hour chart

  • EUR/GBP is trading in a bull trend above the 200-period simple moving average on the 4-hour chart. 
  • EUR/GBP made a very strong move up this Thursday on the back of Brexit headlines. 
  • The 0.8880 figure is now the level to beat for bulls. A pullback down can lead to 0.8800 figure. 

Additional key levels at a glance:

EUR/GBP

Overview:
    Last Price: 0.8856
    Daily change: 1.5e+2 pips
    Daily change: 1.77%
    Daily Open: 0.8702
Trends:
    Daily SMA20: 0.8795
    Daily SMA50: 0.8838
    Daily SMA100: 0.8881
    Daily SMA200: 0.8835
Levels:
    Daily High: 0.876
    Daily Low: 0.8667
    Weekly High: 0.8774
    Weekly Low: 0.869
    Monthly High: 0.8942
    Monthly Low: 0.8722
    Daily Fibonacci 38.2%: 0.8703
    Daily Fibonacci 61.8%: 0.8725
    Daily Pivot Point S1: 0.8659
    Daily Pivot Point S2: 0.8616
    Daily Pivot Point S3: 0.8565
    Daily Pivot Point R1: 0.8752
    Daily Pivot Point R2: 0.8803
    Daily Pivot Point R3: 0.8846

 

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

EUR/USD holds below 1.0750 ahead of key US data

EUR/USD holds below 1.0750 ahead of key US data

EUR/USD trades in a tight range below 1.0750 in the European session on Friday. The US Dollar struggles to gather strength ahead of key PCE Price Index data, the Fed's preferred gauge of inflation, and helps the pair hold its ground. 

EUR/USD News

USD/JPY stays firm above 156.00 after BoJ Governor Ueda's comments

USD/JPY stays firm above 156.00 after BoJ Governor Ueda's comments

USD/JPY stays firm above 156.00 after surging above this level on the Bank of Japan's decision to leave the policy settings unchanged. BoJ Governor said weak Yen was not impacting prices but added that they will watch FX developments closely.

USD/JPY News

Gold price oscillates in a range as the focus remains glued to the US PCE Price Index

Gold price oscillates in a range as the focus remains glued to the US PCE Price Index

Gold price struggles to attract any meaningful buyers amid the emergence of fresh USD buying. Bets that the Fed will keep rates higher for longer amid sticky inflation help revive the USD demand.

Gold News

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000

Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

Read more

US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets

US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets

The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in March, matching February’s increase. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures