EUR/GBP Technical Analysis: Euro corrective slide targets the 0.8970 level

Flavio Tosti Independent Analyst

EUR/GBP daily chart

EUR/GBP is trading in a bull trend above a flat 200-day simple moving average.
Bulls tested the August high.

EUR/GBP 4-hour chart

Euro bulls bumped into a strong resistance at 0.9100 figure.

EUR/GBP 30-minute

EUR/GBP is most likely in corrective mode after the spike up of the last 24 hours.
Traders can expect mild support at 0.9000 as the market is likely set to trade down to the 0.8970 level next.

Additional key level

EUR/GBP

Overview:
    Today Last Price: 0.9017
    Today Daily change: -24 pips
    Today Daily change %: -0.265%
    Today Daily Open: 0.9041
Trends:
    Previous Daily SMA20: 0.8881
    Previous Daily SMA50: 0.8833
    Previous Daily SMA100: 0.8888
    Previous Daily SMA200: 0.884
Levels:
    Previous Daily High: 0.9089
    Previous Daily Low: 0.8958
    Previous Weekly High: 0.897
    Previous Weekly Low: 0.8863
    Previous Monthly High: 0.8932
    Previous Monthly Low: 0.8656
    Previous Daily Fibonacci 38.2%: 0.9039
    Previous Daily Fibonacci 61.8%: 0.9008
    Previous Daily Pivot Point S1: 0.897
    Previous Daily Pivot Point S2: 0.8898
    Previous Daily Pivot Point S3: 0.8838
    Previous Daily Pivot Point R1: 0.9101
    Previous Daily Pivot Point R2: 0.9161
    Previous Daily Pivot Point R3: 0.9233

Author

Flavio Tosti

Independent Analyst

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