EUR/GBP Technical Analysis: Euro progresses against the Pound as the market is at 7-day’s high

Flavio Tosti Independent Analyst

EUR/GBP daily chart

EUR/GBP is trading in a sideways trend below its main simple moving averages (SMAs).

EUR/GBP 4-hour chart

EUR/GBP is trading between the 50 and 100 SMAs suggesting a consolidation phase in the medium-term.

EUR/GBP 30-minute chart

EUR/GBP is trading above its main SMAs suggesting bullish momentum.
A break above 0.8650 can lead to 0.8720 and 0.8780 level.
To the downside, support is at 0.8600 and 0.8580 level.

Additional key levels

EUR/GBP

Overview:
    Today Last Price: 0.8646
    Today Daily change: 93 pips
    Today Daily change %: 1.09%
    Today Daily Open: 0.8553
Trends:
    Daily SMA20: 0.8674
    Daily SMA50: 0.878
    Daily SMA100: 0.8833
    Daily SMA200: 0.8856
Levels:
    Previous Daily High: 0.8626
    Previous Daily Low: 0.8536
    Previous Weekly High: 0.8702
    Previous Weekly Low: 0.8529
    Previous Monthly High: 0.8842
    Previous Monthly Low: 0.8529
    Daily Fibonacci 38.2%: 0.857
    Daily Fibonacci 61.8%: 0.8592
    Daily Pivot Point S1: 0.8517
    Daily Pivot Point S2: 0.8482
    Daily Pivot Point S3: 0.8427
    Daily Pivot Point R1: 0.8607
    Daily Pivot Point R2: 0.8662
    Daily Pivot Point R3: 0.8697

Author

Flavio Tosti

Independent Analyst

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