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EUR/GBP technical analysis: Euro battling for the 0.9100 figure against the Sterling

  • EUR/GBP bulls are trying to regain the 0.9100 handle this Monday.

  • The level to beat for bulls is the 0.9100 figure followed by 0.9124 resistance.



EUR/GBP daily chart

 
The market has been retracing down in August after peaking at the 0.9326 level. EUR/GBP almost reached the August 29, 2017 high at the 0.9307 level. 
 

EUR/GBP 4-hour chart

 
 
 
EUR/GBP is regaining some modest ground this Monday. However, the market is trading below its main simple moving averages (SMAs), keeping the currency pair under some relative pressure. Sellers would need to reclaim 0.9081, 0.9067, 0.9050 and 0.9037 support to resume the bear trend, according to the Technical Confluences Indicator
 
 
 

EUR/GBP 30-minute chart

 
Bulls need to reclaim the 0.9100 figure and the 200 SMA. On the way up the market could appreciate towards 0.9124, 0.9166/76 and 0.9195 if the bulls gather enough steam, according to the Technical Confluences Indicator.
 

Additional key levels

EUR/GBP

Overview
Today last price0.9086
Today Daily Change-0.0004
Today Daily Change %-0.04
Today daily open0.909
 
Trends
Daily SMA200.9175
Daily SMA500.9048
Daily SMA1000.8885
Daily SMA2000.8835
Levels
Previous Daily High0.9099
Previous Daily Low0.9035
Previous Weekly High0.9184
Previous Weekly Low0.9028
Previous Monthly High0.9192
Previous Monthly Low0.8892
Daily Fibonacci 38.2%0.9075
Daily Fibonacci 61.8%0.906
Daily Pivot Point S10.905
Daily Pivot Point S20.9011
Daily Pivot Point S30.8986
Daily Pivot Point R10.9114
Daily Pivot Point R20.9138
Daily Pivot Point R30.9178

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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