EUR/GBP Technical Analysis: Euro collapsing to new 2019 low against the Pound


EUR/GBP daily chart 

  • EUR/GBP is trading in a sideways trend below the 50, 100 and 200-day simple moving averages (SMAs).
  • As discussed, failure to hold price above the 0.8760 support lead to a drop to the 0.8710 level.

EUR/GBP 4-hour chart

  • EUR/GBP is trading below the main SMAs as the currency cross is trading at new 2019 lows.

EUR/GBP 30-minute chart

  • As EUR/GBP is trading below its main SMAs the bears are in control of the market. 
  • If the sellers can keep EUR/GBP below 0.8710 a drop to 0.6560 can be on the cards.
  • On the flip side, bulls will try to reclaim the resistances near 0.8760 and the 0.8820 level.  

Additional key levels

EUR/GBP

Overview:
    Today Last Price: 0.8709
    Today Daily change: -0.0056 pips
    Today Daily change %: -0.64%
    Today Daily Open: 0.8765
Trends:
    Daily SMA20: 0.8937
    Daily SMA50: 0.8933
    Daily SMA100: 0.8889
    Daily SMA200: 0.8867
Levels:
    Previous Daily High: 0.8831
    Previous Daily Low: 0.876
    Previous Weekly High: 0.8988
    Previous Weekly Low: 0.8764
    Previous Monthly High: 0.9089
    Previous Monthly Low: 0.8863
    Daily Fibonacci 38.2%: 0.8787
    Daily Fibonacci 61.8%: 0.8804
    Daily Pivot Point S1: 0.874
    Daily Pivot Point S2: 0.8714
    Daily Pivot Point S3: 0.8669
    Daily Pivot Point R1: 0.8811
    Daily Pivot Point R2: 0.8856
    Daily Pivot Point R3: 0.8882

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD bouncing modestly on disappointing US Consumer Confidence

The shared currency remains pressured by the idea that the ECB will come out with massive stimulus measures in September. US Michigan Consumer Confidence down to 92.1 brakes dollar's gains.

EUR/USD News

GBP/USD retreats sharply after approaching 1.2200

The GBP/USD pair came under selling pressure after flirting with weekly highs, as a dismal US confidence report brought back risk-off. GBP/USD still up for the week and above the critical 1.2100 level.

GBP/USD News

USD/JPY: Greenback makes modest progress against Yen, near 106.30

The demand for Yen as a safe-haven currency has been weak in the last three days. The levels to beat for bulls are at the 106.30 and 106.55 resistances.

USD/JPY News

Gold gives back territory towards a 23.6% retracement

Gold prices were a touch lower by the end of the week, falling -0.68% having travelled between a high of $1,528.00 to a low of $1,503.87, ending the NY session around $1,513. 

Gold News

Four Signs of A Bear Market

I am a believer that the Universe gives you signs. That may sound a bit crazy, but these three charts are three more signs of a bear market. The top chart is the GLD exchange traded fund.

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •