EUR/GBP Technical Analysis: Euro plummets to one-month lows on Brexit news

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 is falling as PM May is still looking to reopen the withdrawal agreement.

EUR/GBP 4-hour chart

EUR/GBP is trading below the main SMAs on the 4-hour chart suggesting a bearish 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 testing 0.8720. A break below the level would lead to 0.8695 and 0.8660 level.
Resistance is seen at 0.8740 and 0.8760 level.

Additional key levels

EUR/GBP

Overview:
    Today Last Price: 0.8718
    Today Daily change: -34 pips
    Today Daily change %: -0.39%
    Today Daily Open: 0.8752
Trends:
    Daily SMA20: 0.875
    Daily SMA50: 0.888
    Daily SMA100: 0.8856
    Daily SMA200: 0.8865
Levels:
    Previous Daily High: 0.8768
    Previous Daily Low: 0.8742
    Previous Weekly High: 0.8842
    Previous Weekly Low: 0.8743
    Previous Monthly High: 0.9119
    Previous Monthly Low: 0.8617
    Daily Fibonacci 38.2%: 0.8758
    Daily Fibonacci 61.8%: 0.8752
    Daily Pivot Point S1: 0.874
    Daily Pivot Point S2: 0.8728
    Daily Pivot Point S3: 0.8713
    Daily Pivot Point R1: 0.8766
    Daily Pivot Point R2: 0.8781
    Daily Pivot Point R3: 0.8793

Author

Flavio Tosti

Independent Analyst

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