EUR/GBP Technical Analysis: Euro is blasting through 0.8700 resistance on Brexit vote


EUR/GBP daily chart

  • EUR/GBP is trading a sideways trend below the 50, 100 and 200-day simple moving averages (SMAs).
  • GBP is being sold across the board as UK lawmakers reject Cooper's 'extend article 50' amendment. 

EUR/GBP 4-hour chart

  • EUR/GBP is testing the 50 SMA on the 4-hour chart.

EUR/GBP 30-minute chart

  • EUR/GBP jumped to the upside breaking 0.8700 figure and opening to doors to 0.8760 target. 
  • Support is seen at the 0.8700 level. 

Additional key levels

EUR/GBP

Overview:
    Today Last Price: 0.8732
    Today Daily change: 50 pips
    Today Daily change %: 0.58%
    Today Daily Open: 0.8682
Trends:
    Daily SMA20: 0.887
    Daily SMA50: 0.8919
    Daily SMA100: 0.8877
    Daily SMA200: 0.8866
Levels:
    Previous Daily High: 0.8697
    Previous Daily Low: 0.8636
    Previous Weekly High: 0.8864
    Previous Weekly Low: 0.8617
    Previous Monthly High: 0.9089
    Previous Monthly Low: 0.8863
    Daily Fibonacci 38.2%: 0.8674
    Daily Fibonacci 61.8%: 0.8659
    Daily Pivot Point S1: 0.8646
    Daily Pivot Point S2: 0.861
    Daily Pivot Point S3: 0.8585
    Daily Pivot Point R1: 0.8708
    Daily Pivot Point R2: 0.8733
    Daily Pivot Point R3: 0.8769

 

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

EUR/USD clings to daily gains above 1.0650

EUR/USD clings to daily gains above 1.0650

EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.

EUR/USD News

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.

GBP/USD News

Gold holds steady at around $2,380 following earlier spike

Gold holds steady at around $2,380 following earlier spike

Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.

Gold News

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in

Bitcoin price shows no signs of directional bias while it holds above  $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research. 

Read more

Week ahead – US GDP and BoJ decision on top of next week’s agenda

Week ahead – US GDP and BoJ decision on top of next week’s agenda

US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.

Read more

Forex MAJORS

Cryptocurrencies

Signatures