EUR/GBP Technical Analysis: Euro dropping against the British Pound en route to the 0.8840 level


EUR/GBP 4-hour chart

  • EUR/GBP is trading in a bull trend above the 200-period simple moving average (SMA).
  • EUR/GBP slipped through the 0.8900 figure as technical indicators are weakening.
  • The next target to the downside is likely located near the 0.8840 level. 

Additional key levels 

EUR/GBP

Overview:
    Today Last Price: 0.8861
    Today Daily change: -50 pips
    Today Daily change %: -0.561%
    Today Daily Open: 0.8911
Trends:
    Previous Daily SMA20: 0.8811
    Previous Daily SMA50: 0.8832
    Previous Daily SMA100: 0.8885
    Previous Daily SMA200: 0.8836
Levels:
    Previous Daily High: 0.8922
    Previous Daily Low: 0.884
    Previous Weekly High: 0.8934
    Previous Weekly Low: 0.8839
    Previous Monthly High: 0.8942
    Previous Monthly Low: 0.8722
    Previous Daily Fibonacci 38.2%: 0.8891
    Previous Daily Fibonacci 61.8%: 0.8871
    Previous Daily Pivot Point S1: 0.886
    Previous Daily Pivot Point S2: 0.8809
    Previous Daily Pivot Point S3: 0.8778
    Previous Daily Pivot Point R1: 0.8942
    Previous Daily Pivot Point R2: 0.8973
    Previous Daily Pivot Point R3: 0.9024

 

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

AUD/USD holds hot Australian CPI-led gains above 0.6500

AUD/USD holds hot Australian CPI-led gains above 0.6500

AUD/USD consolidates hot Australian CPI data-led strong gains above 0.6500 in early Europe on Wednesday. The Australian CPI rose 1% in QoQ in Q1 against the 0.8% forecast, providing extra legs to the Australian Dollar upside. 

AUD/USD News

USD/JPY sticks to 34-year high near 154.90 as intervention risks loom

USD/JPY sticks to 34-year high near 154.90 as intervention risks loom

USD/JPY is sitting at a multi-decade high of 154.88 reached on Tuesday. Traders refrain from placing fresh bets on the pair as Japan's FX intervention risks loom. Broad US Dollar weakness also caps the upside in the major. US Durable Goods data are next on tap. 

USD/JPY News

Gold price struggles to lure buyers amid positive risk tone, reduced Fed rate cut bets

Gold price struggles to lure buyers amid positive risk tone, reduced Fed rate cut bets

Gold price lacks follow-through buying and is influenced by a combination of diverging forces. Easing geopolitical tensions continue to undermine demand for the safe-haven precious metal. Tuesday’s dismal US PMIs weigh on the USD and lend support ahead of the key US macro data.

Gold News

Crypto community reacts as BRICS considers launching stablecoin for international trade settlement

Crypto community reacts as BRICS considers launching stablecoin for international trade settlement

BRICS is intensifying efforts to reduce its reliance on the US dollar after plans for its stablecoin effort surfaced online on Tuesday. Most people expect the stablecoin to be backed by gold, considering BRICS nations have been accumulating large holdings of the commodity.

Read more

US versus the Eurozone: Inflation divergence causes monetary desynchronization

US versus the Eurozone: Inflation divergence causes monetary desynchronization

Historically there is a very close correlation between changes in US Treasury yields and German Bund yields. This is relevant at the current juncture, considering that the recent hawkish twist in the tone of the Fed might continue to push US long-term interest rates higher and put upward pressure on bond yields in the Eurozone.

Read more

Forex MAJORS

Cryptocurrencies

Signatures