EUR/GBP Technical Analysis: Euro hanging at monthly highs against GBP above 0.8650 level

Flavio Tosti Independent Analyst

EUR/GBP daily

EUR/GBP is evolving in a bear trend below its 100 and 200 simple moving averages (SMAs).
EUR/GBP is getting near the 0.8700 figure as the market is trading above its 50 SMA.

EUR/GBP 4-hour chart

EUR/GBP is trading above its main SMAs suggesting bullish momentum.

EUR/GBP 30-minute chart

EUR/GBP has found resistance near 0.8670. However, a break above 0.8680 is necessary for bulls to move up towards 0.8700 figure and 0.8770 resistance.
To the downside, the market should continue to find some support near 0.8650/40 and 0.8610 level.

Additional key levels

EUR/GBP

Overview
Today last price	0.8664
Today Daily Change	-0.0008
Today Daily Change %	-0.09
Today daily open	0.8672

Trends
Daily SMA20	0.8605
Daily SMA50	0.862
Daily SMA100	0.8758
Daily SMA200	0.8822

Levels
Previous Daily High	0.8678
Previous Daily Low	0.8642
Previous Weekly High	0.8682
Previous Weekly Low	0.8618
Previous Monthly High	0.8724
Previous Monthly Low	0.847
Daily Fibonacci 38.2%	0.8664
Daily Fibonacci 61.8%	0.8656
Daily Pivot Point S1	0.865
Daily Pivot Point S2	0.8629
Daily Pivot Point S3	0.8615
Daily Pivot Point R1	0.8685
Daily Pivot Point R2	0.8699
Daily Pivot Point R3	0.872

Author

Flavio Tosti

Independent Analyst

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