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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Editors’ Picks

EUR/USD falls sharply after terrible German PMIs

EUR/USD is trading below 1.1350, falling sharply. German Manufacturing PMI plunged to 44.7 points, deep in contraction territory. Earlier, French PMIs all came out below 50. Euro-zone prospects are bleaker. 

EUR/USD News

GBP/USD falls below 1.3100 as Brexit extension fails to inspire

GBP/USD trades below 1.3100, resuming its falls. European leaders postponed Brexit until at least April 12th, an additional two weeks. The ball passes to Parliament once again and many fear PM May will opt for a no-deal Brexit.

GBP/USD News

USD/JPY remains on the defensive below 111.00 mark

The USD/JPY pair failed to capitalize on the overnight attempted rebound from five-week lows and traded with a mild negative bias through the early European session on Friday.

USD/JPY News

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majors

Editors’ Picks

EUR/USD falls sharply after terrible German PMIs

EUR/USD is trading below 1.1350, falling sharply. German Manufacturing PMI plunged to 44.7 points, deep in contraction territory. Earlier, French PMIs all came out below 50. Euro-zone prospects are bleaker. 

EUR/USD News

GBP/USD falls below 1.3100 as Brexit extension fails to inspire

GBP/USD trades below 1.3100, resuming its falls. European leaders postponed Brexit until at least April 12th, an additional two weeks. The ball passes to Parliament once again and many fear PM May will opt for a no-deal Brexit.

GBP/USD News

USD/JPY remains on the defensive below 111.00 mark

The USD/JPY pair failed to capitalize on the overnight attempted rebound from five-week lows and traded with a mild negative bias through the early European session on Friday.

USD/JPY News

EMU Purchasing Managers' Indexes: Trend intact

The manufacturing PMI is projected to rise to 49.5in March from 49.3. The service sector PMI is predicted to drop to 52.7 from 52.8 in February. The composite index will gain 52.0 from 51.9.

 

Read full report

Federal Reserve Policy: Patience and a good economy

Fed reduces economic and rate projections for 2019 and 2020. Dollar drops, equities recover then fall, interest rates decline. Powell lauds economy while Fed rate policy pauses.

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