EUR/GBP technical analysis: Euro sidelined above the 0.8625 level against Sterling


  • EUR/GBP is ranging above the 0.8625 level in the New York session. 
  • The level to beat for bears is the 0.8571 support. 
 

EUR/GBP daily chart

 
 
EUR/GBP, on the daily chart, is trading in a bear trend below its main daily simple moving averages (DSMAs). In the last week, the bullish optimism over a Brexit deal pushed the market to the 0.6800 handle. 

EUR/GBP four-hour chart

 
 
EUR/GBP is consolidating losses above the 0.8600 handle and below its main SMAs. A daily break below the 0.8571 support can potentially target the 0.8500 handle on the way down. 

EUR/GBP 30-minute chart

 
 
EUR/GBP is trading above the 50 and 100 SMAs, suggesting a ranging market in the near term. Resistances can be seen at the 0.8700/0.8720 price zone and the 0.8755 level, according to the Technical Confluences Indicator
 

Additional key levels

EUR/GBP

Overview
Today last price 0.866
Today Daily Change 0.0028
Today Daily Change % 0.32
Today daily open 0.8632
 
Trends
Daily SMA20 0.8833
Daily SMA50 0.896
Daily SMA100 0.8972
Daily SMA200 0.8823
 
Levels
Previous Daily High 0.8704
Previous Daily Low 0.8575
Previous Weekly High 0.9022
Previous Weekly Low 0.8694
Previous Monthly High 0.915
Previous Monthly Low 0.8786
Daily Fibonacci 38.2% 0.8655
Daily Fibonacci 61.8% 0.8624
Daily Pivot Point S1 0.857
Daily Pivot Point S2 0.8508
Daily Pivot Point S3 0.8442
Daily Pivot Point R1 0.8698
Daily Pivot Point R2 0.8765
Daily Pivot Point R3 0.8827

 

 

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