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

 

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