EUR/GBP technical analysis: Euro off daily highs, trading below 0.9149 level

EUR/GBP is losing steam after peaking at the 0.9326 level.
The pullback down can extend towards the 0.9100 and 0.9082 supports.

Flavio Tosti Independent Analyst

EUR/GBP daily chart

EUR/GBP is extending the retracement down theme after peaking at 0.9326. The market almost reached the August 29, 2017 high at the 0.9307 level.

EUR/GBP 4-hour chart

EUR/GBP is losing steam below the 0.9149 resistance and the 50/100 SMAs. The market is set to decline towards 0.9100 and 0.9082, according to the Technical Confluences Indicator.

EUR/GBP 30-minute chart

EUR/GBP is under pressure below the 100/200 SMAs. Immediate resistances are seen at 0.9149, 0.9182 and 0.9230 according to the Technical Confluences Indicator.

Additional key levels

EUR/GBP

Overview
Today last price	0.9142
Today Daily Change	0.0014
Today Daily Change %	0.15
Today daily open	0.9128

Trends
Daily SMA20	0.9139
Daily SMA50	0.9027
Daily SMA100	0.8858
Daily SMA200	0.8827

Levels
Previous Daily High	0.9197
Previous Daily Low	0.909
Previous Weekly High	0.9326
Previous Weekly Low	0.909
Previous Monthly High	0.9192
Previous Monthly Low	0.8892
Daily Fibonacci 38.2%	0.9131
Daily Fibonacci 61.8%	0.9156
Daily Pivot Point S1	0.908
Daily Pivot Point S2	0.9032
Daily Pivot Point S3	0.8974
Daily Pivot Point R1	0.9187
Daily Pivot Point R2	0.9245
Daily Pivot Point R3	0.9293

Author

Flavio Tosti

Independent Analyst

EUR/USD sticks to positive bias above 1.1800 as trade jitters undermine USD

The EUR/USD pair builds on the previous day's modest gains and attracts some buyers for the second straight day on Thursday amid a softer US Dollar. Spot prices, however, lack bullish conviction and trade around the 1.1815-1.1820 area during the Asian session, up 0.10% for the day.

GBP/USD extends recovery to near 20-day EMA as US Dollar weakens

The Pound Sterling holds onto weekly gains around 1.3565 against the US Dollar during the Asian trading session on Thursday. The GBP/USD pair trades firmly as the US Dollar remains under pressure due to uncertainty surrounding the United States trade policy outlook.

Gold struggle with $5,200 extends ahead of more US-Iran talks

Gold is replicating the recovery moves seen in Wednesday’s Asian trading early Thursday, as buyers continue to flirt with the $5,200 level. Sustained US Dollar weakness and looming US-Iran talks aid the bright metal’s rebound.

Top Crypto Gainers: Polkadot, Near Protocol, Uniswap lead market rebound

Altcoins, such as Polkadot, Near Protocol, and Uniswap, are leading gains over the last 24 hours as Bitcoin jumped 6% on Wednesday. The altcoins are holding steady at press time on Thursday following a rebound the previous day, testing the waters around their 50-day Exponential Moving Average.

Nvidia delivers another monster earnings report, and forecasts big things to come

It was another monster earnings report from Nvidia for fiscal Q4. Revenues were $68.1bn, smashing estimates of $65bn. Gross profit margin was a healthy 75%, up from 73.5% in the prior quarter, and the outlook for this quarter was monstrous.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.