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

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 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

Author

Flavio Tosti

Independent Analyst

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