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

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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