EUR/GBP technical analysis: Euro decelerates against the Pound to 0.8930


  • EUR/GBP retraces down to the 0.8912 support and the 200 SMA on the 30-minute chart.
  • The level to beat for bulls is 0.8951 and 0.8969 according to the Technical Confluences Indicator.

EUR/GBP daily

EUR/GBP is in a bull trend above its main simple moving averages (SMAs). The market attempted to break above Monday high but is currently under pressure on an intraday basis.

EUR/GBP 4-hour chart


The bull channel is intact above the main simple moving averages (SMAs). The market is currently pulling back towards 0.8900 and the 50 SMA.

EUR/GBP 30-minute chart

EUR/GBP is trading above 0.8912 support and its main SMA suggesting bullish momentum. According to the Technical Confluences Indicator, 0.8912 is a cluster level with the 50 SMA on the 4-hour chart, the weekly Fibonacci of 38.2% and the 5 SMA on the daily chart. Further down lies 0.8897 (the weekly Fibonacci of 61.8%, the 10-day SMA and the previous day low). Strong support is seen at 0.8878 (100 SMA on the 4-hour chart, previous month high and daily Pivot Point S2.) 

Resistance is seen at 0.8951 (the 100 SMA on the 15-minute chart, the upper Bollinger Band on the daily chart and 15-minute chart). Further up, strong resistance is seen at 0.8969 (the weekly Pivot Point R2 and the daily Pivot Point R1).

Additional key levels

EUR/GBP

Overview
Today last price 0.8926
Today Daily Change -0.0024
Today Daily Change % -0.27
Today daily open 0.895
 
Trends
Daily SMA20 0.8861
Daily SMA50 0.8729
Daily SMA100 0.8687
Daily SMA200 0.8782
Levels
Previous Daily High 0.8952
Previous Daily Low 0.8897
Previous Weekly High 0.8934
Previous Weekly Low 0.8871
Previous Monthly High 0.8876
Previous Monthly Low 0.8489
Daily Fibonacci 38.2% 0.8931
Daily Fibonacci 61.8% 0.8918
Daily Pivot Point S1 0.8914
Daily Pivot Point S2 0.8878
Daily Pivot Point S3 0.8858
Daily Pivot Point R1 0.8969
Daily Pivot Point R2 0.8989
Daily Pivot Point R3 0.9025

 

 

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