EUR/GBP Technical Analysis: Euro bulls looking at 0.9000 target next week against the British Pound

Flavio Tosti Independent Analyst

EUR/GBP daily chart

EUR/GBP is trading at the top of the bear channel as it broke above all the main simple moving averages (SMA).
Technical indicators such as RSI is above 50 while the MACD crossed over from below.

EUR/GBP 4-hour chart

The next objective for bulls is to reach 0.8941 (October high) followed by 0.8997 (Sept. 21 high).

EUR/GBP 30-minute chart

In the meanwhile, the level to beat for bulls is the 0.8900 resistance.
A break below 0.8820 can be a sign of bullish weakness.

Additional key levels at a glance:

EUR/GBP

Overview:
    Last Price: 0.8897
    Daily change: 28 pips
    Daily change: 0.316%
    Daily Open: 0.8869
Trends:
    Daily SMA20: 0.8798
    Daily SMA50: 0.8835
    Daily SMA100: 0.8881
    Daily SMA200: 0.8835
Levels:
    Daily High: 0.8892
    Daily Low: 0.8696
    Weekly High: 0.8774
    Weekly Low: 0.869
    Monthly High: 0.8942
    Monthly Low: 0.8722
    Daily Fibonacci 38.2%: 0.8817
    Daily Fibonacci 61.8%: 0.8771
    Daily Pivot Point S1: 0.8746
    Daily Pivot Point S2: 0.8623
    Daily Pivot Point S3: 0.8551
    Daily Pivot Point R1: 0.8942
    Daily Pivot Point R2: 0.9014
    Daily Pivot Point R3: 0.9137

Author

Flavio Tosti

Independent Analyst

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