EUR/GBP Technical Analysis: Euro pushes to daily highs against Sterling

EUR/GBP daily chart

  • EUR/GBP is trading in a sideways trend below the 200-day simple moving averages (SMAs).

EUR/GBP 4-hour chart

  • EUR/GBP is trading between the 100 and 200 SMAs on the 4-hour chart suggesting a sideways market in the medium-term.

EUR/GBP 30-minute chart

  • EUR/GBP is trading above its main SMAs suggesting bullish momentum in the short-term. 
  • A break above 0.8785 would lead to a move to 0.8800 and potentially to 0.8820 if bulls gather enough steam.
  • On the flip side, if bears have a break below 0.8760, the next supports to the downside are seen near 0.8740 and 0.8720.

Additional key levels

EUR/GBP

Overview:
    Today Last Price: 0.8784
    Today Daily change: 17 pips
    Today Daily change %: 0.19%
    Today Daily Open: 0.8767
Trends:
    Daily SMA20: 0.8761
    Daily SMA50: 0.8896
    Daily SMA100: 0.8863
    Daily SMA200: 0.8865
Levels:
    Previous Daily High: 0.8782
    Previous Daily Low: 0.8745
    Previous Weekly High: 0.8822
    Previous Weekly Low: 0.8726
    Previous Monthly High: 0.9119
    Previous Monthly Low: 0.8617
    Daily Fibonacci 38.2%: 0.8768
    Daily Fibonacci 61.8%: 0.8759
    Daily Pivot Point S1: 0.8748
    Daily Pivot Point S2: 0.8728
    Daily Pivot Point S3: 0.8711
    Daily Pivot Point R1: 0.8784
    Daily Pivot Point R2: 0.8802
    Daily Pivot Point R3: 0.8821

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: Weakest daily close since June 2017, focus on US durable goods

EUR/USD looks south toward 1.10, having bolstered the already bearish technical setup with a close below 1.1176 yesterday. The pair took a beating yesterday, courtesy of the broad-based US dollar demand. 

EUR/USD News

GBP/USD regains 1.2900 handle on Brexit headlines

The GBP/USD pair regains its stand above 1.2900 while heading into the London open on Thursday. Absence of immediate challenge to PM May’s position and a likely Brexit deal voting helps the GBP.

GBP/USD News

USD/JPY keeps range around 112.00 post-BOJ

USD/JPY has barely moved in response to BOJ’s decision to keep key policy tools unchanged. The downward revision of the growth and inflation forecasts could push the JPY lower during the day ahead. 

USD/JPY News

US Durable Goods Preview: Where the consumer leads

Durable goods orders are expected to rise 0.8% in March having fallen 1.6% in February. Orders excluding the transportation sector are predicted to gain 0.2%.

Read more

Gold: Immediate rising support-line favors gradual recovery to $1280

Gold is taking the rounds near $1276 while heading into the European open on Thursday. The yellow metal has been on recovery from Tuesday when it plummeted to the 2019 lows.

Gold News

majors

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •