EUR/GBP Technical Analysis: Euro drops to 3-day’s low against Sterling

Flavio Tosti Independent Analyst

EUR/GBP daily

EUR/GBP is trading in a sideways trend below its main simple moving averages (SMAs).

EUR/GBP 4-hour chart

EUR/GBP is trading below its main SMAs suggesting bearish momentum in the medium-term.

EUR/GBP 30-minute chart

EUR/GBP is trading below its main SMAs suggesting a bearish momentum in the short-term.
The 0.8530 level is currently acting as support with 0.8580 and 0.8600 as Immediate resistances.
Further down, 0.8500 and 0.8440 are seen as support on a bearish extension.

Additional key levels

EUR/GBP

Overview
Today last price	0.8556
Today Daily Change	-0.0123
Today Daily Change %	-1.42
Today daily open	0.8679

Trends
Daily SMA20	0.8591
Daily SMA50	0.8697
Daily SMA100	0.8806
Daily SMA200	0.8846

Levels
Previous Daily High	0.8724
Previous Daily Low	0.8638
Previous Weekly High	0.8678
Previous Weekly Low	0.847
Previous Monthly High	0.8842
Previous Monthly Low	0.8529
Daily Fibonacci 38.2%	0.8691
Daily Fibonacci 61.8%	0.867
Daily Pivot Point S1	0.8637
Daily Pivot Point S2	0.8594
Daily Pivot Point S3	0.8551
Daily Pivot Point R1	0.8723
Daily Pivot Point R2	0.8766
Daily Pivot Point R3	0.8809

Author

Flavio Tosti

Independent Analyst

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.