EUR/GBP technical analysis: Euro near daily lows below 0.8900 against Pound


  • EUR/GBP has been in a strong bull leg in the last weeks.
  • Can the bulls sustain the move beyond the 0.8900 figure?

EUR/GBP daily

EUR/GBP is consolidating the recent gains below the 0.8900 figure.

EUR/GBP 4-hour chart


EUR/GBP is in a bullish channel above the main simple moving averages (SMAs) suggesting a bullish bias in the medium term.

EUR/GBP 30-minute chart

EUR/GBP is trading at the daily low below its main SMAs. Bears want to break 0.8843 support to drive the market down to 0.8820 and 0.8780. Resistances are at 0.8875 and 0.8900 figure.

Additional key levels

EUR/GBP

Overview
Today last price 0.8852
Today Daily Change -0.0010
Today Daily Change % -0.11
Today daily open 0.8862
 
Trends
Daily SMA20 0.8767
Daily SMA50 0.8671
Daily SMA100 0.8673
Daily SMA200 0.8785
Levels
Previous Daily High 0.8903
Previous Daily Low 0.8852
Previous Weekly High 0.8876
Previous Weekly Low 0.879
Previous Monthly High 0.8876
Previous Monthly Low 0.8489
Daily Fibonacci 38.2% 0.8872
Daily Fibonacci 61.8% 0.8884
Daily Pivot Point S1 0.8841
Daily Pivot Point S2 0.8821
Daily Pivot Point S3 0.879
Daily Pivot Point R1 0.8892
Daily Pivot Point R2 0.8923
Daily Pivot Point R3 0.8944

 

 

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 edges lower toward 1.0700 post-US PCE

EUR/USD edges lower toward 1.0700 post-US PCE

EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.

EUR/USD News

GBP/USD retreats to 1.2500 on renewed USD strength

GBP/USD retreats to 1.2500 on renewed USD strength

GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.

GBP/USD News

Gold struggles to hold above $2,350 following US inflation

Gold struggles to hold above $2,350 following US inflation

Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses. 

Gold News

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000

Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

Read more

Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.

Read more

Forex MAJORS

Cryptocurrencies

Signatures