EUR/GBP Technical Analysis: Euro erasing Thursday’s gains against Sterling

Flavio Tosti Independent Analyst

EUR/GBP daily chart

EUR/GBP is trading in a sideways trend below the 200-day simple moving averages (SMAs).

EUR/GBP 4-hour chart

EUR/GBP is trading between the 50 and 100 SMAs on the 4-hour chart suggesting a sideways market in the medium-term.

EUR/GBP 30-minute chart

EUR/GBP is trading below the main SMAs suggesting bearish momentum in the short-term.
EUR/GBP is back into the week’s range as it is trying to find support at 0.8760. Further down supports are seen near 0.8740 and 0.8720 figure.
Resistance is seen at 0.8785, 0.8800 and 0.8820.

Additional key levels

EUR/GBP

Overview:
    Today Last Price: 0.8771
    Today Daily change: -56 pips
    Today Daily change %: -0.63%
    Today Daily Open: 0.8827
Trends:
    Daily SMA20: 0.8756
    Daily SMA50: 0.8889
    Daily SMA100: 0.8859
    Daily SMA200: 0.8865
Levels:
    Previous Daily High: 0.8842
    Previous Daily Low: 0.8752
    Previous Weekly High: 0.8822
    Previous Weekly Low: 0.8726
    Previous Monthly High: 0.9119
    Previous Monthly Low: 0.8617
    Daily Fibonacci 38.2%: 0.8808
    Daily Fibonacci 61.8%: 0.8787
    Daily Pivot Point S1: 0.8772
    Daily Pivot Point S2: 0.8718
    Daily Pivot Point S3: 0.8683
    Daily Pivot Point R1: 0.8862
    Daily Pivot Point R2: 0.8897
    Daily Pivot Point R3: 0.8951

Author

Flavio Tosti

Independent Analyst

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