EUR/GBP Technical Analysis: Euro bulls challenge the 0.8700 figure


EUR/GBP daily chart

  • EUR/GBP is in in a sideways trend below the 50, 100 and 200-day simple moving averages (SMAs).
  • EUR/GBP tested the 2018 low last week.


EUR/GBP 4-hour chart

  • EUR/GBP is trading below its main SMAs, suggesting bearish momentum in the medium-term. 

EUR/GBP 30-minute chart

  • EUR/GBP is finding resistance at the 0.8700 figure and the 200 SMA. If bears can keep the pressure the market should revisit 0.8860, 0.8640 and 0.8620 support.
  • On the flip side, if Euro bulls push through 0.8700 resistance it can open the gates to 0.8760 and 0.8820 resistance.

Additional key levels

EUR/GBP

Overview:
    Today Last Price: 0.8688
    Today Daily change: 49 pips
    Today Daily change %: 0.57%
    Today Daily Open: 0.8639
Trends:
    Daily SMA20: 0.8886
    Daily SMA50: 0.8924
    Daily SMA100: 0.8879
    Daily SMA200: 0.8866
Levels:
    Previous Daily High: 0.8684
    Previous Daily Low: 0.8617
    Previous Weekly High: 0.8864
    Previous Weekly Low: 0.8617
    Previous Monthly High: 0.9089
    Previous Monthly Low: 0.8863
    Daily Fibonacci 38.2%: 0.8643
    Daily Fibonacci 61.8%: 0.8658
    Daily Pivot Point S1: 0.861
    Daily Pivot Point S2: 0.858
    Daily Pivot Point S3: 0.8544
    Daily Pivot Point R1: 0.8676
    Daily Pivot Point R2: 0.8713
    Daily Pivot Point R3: 0.8742

 

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