EUR/GBP technical analysis: Euro recording 11 bullish consecutive days against Pound

Flavio Tosti Independent Analyst

EUR/GBP daily

On the daily chart, EUR/GBP is trading in a bull leg flirting with the 200-day simple moving average (SMA) at 0.8794.
EUR/GBP is reversing up from the 2019 low while it has been up for 11 consecutive days.

EUR/GBP 4-hour chart

EUR/GBP is trading in a bull channel above its main SMAs.

EUR/GBP 30-minute chart

EUR/GBP is trading above its main SMAs suggesting bullish momentum. The next resistance buyers will need to overcome is at 0.8780 level. If broken, bulls might set their eyes on 0.8820 level resistance. On the way down, immediate support is at the 0.8750 and 0.8620 levels.

Additional key levels

EUR/GBP

Overview
Today last price	0.8779
Today Daily Change	0.0005
Today Daily Change %	0.06
Today daily open	0.8774

Trends
Daily SMA20	0.8636
Daily SMA50	0.8609
Daily SMA100	0.8691
Daily SMA200	0.8795

Levels
Previous Daily High	0.878
Previous Daily Low	0.8727
Previous Weekly High	0.878
Previous Weekly Low	0.8622
Previous Monthly High	0.8685
Previous Monthly Low	0.8502
Daily Fibonacci 38.2%	0.8759
Daily Fibonacci 61.8%	0.8747
Daily Pivot Point S1	0.874
Daily Pivot Point S2	0.8708
Daily Pivot Point S3	0.8688
Daily Pivot Point R1	0.8793
Daily Pivot Point R2	0.8812
Daily Pivot Point R3	0.8846

Author

Flavio Tosti

Independent Analyst

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