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


EUR/GBP daily chart

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

 

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USD/JPY News

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Editors' pick

EUR/USD extends gains to 1.1200 on sliding US yields

EUR/USD is trading close to 1.1200, in the wake of the European session as US yields continue falling. The European Parliament elections are in play and US durable goods are eyed.

EUR/USD News

GBP/USD off the highs as May announces stepping down on June 7th

GBP/USD is trading below 1.2700 after a quick rise to the upside as UK PM Theresa May announced she will step down on June 7th with Boris Johnson set to take over.

GBP/USD News

USD/JPY hangs near 1-week lows, just below mid-109.00s

The USD held on the defensive despite a goodish bounce in the US bond yields. Escalating US-China trade tensions continue to underpin JPY’s safe-haven demand. Traders now look forward to the US durable goods orders for some fresh impetus.

USD/JPY News

US Durable Goods Orders Preview: Sentiment is not enough

Durable goods orders expected to drop sharply after a strong March. Business investment thought to cool following the best quarter in nine months. Goods orders ex-transport have slowed despite strong consumer sentiment readings.

Read more

Gold consolidates in a range below weekly tops set on Thursday

Gold held steady through the early European session on Friday and was seen consolidating the overnight strong up-move to weekly tops.

Gold News

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