EUR/GBP Technical Analysis: Euro takes a dive against Pound on BoE Super Thursday

Flavio Tosti Independent Analyst

EUR/GBP daily chart

EUR/GBP is trading in a sideways trend below the 200-day simple moving averages (SMAs).
The Bank of England Super Thursday sent the EUR/GBP down about 70 pips.

EUR/GBP 4-hour chart

EUR/GBP is trading below its mains SMAs on the 4-hour chart suggesting bearish momentum in the medium term.

EUR/GBP 30-minute chart

EUR/GBP broke below 0.8785 support and its main SMAs suggesting bearish momentum in the short-term.
The next supports to the downside can now be seen near 0.8720, 0.8700 figure and all the way down to 0.8660 if bears gather enough steam.

Additional key levels

EUR/GBP

Overview:
    Today Last Price: 0.8732
    Today Daily change: -56 pips
    Today Daily change %: -0.64%
    Today Daily Open: 0.8788
Trends:
    Daily SMA20: 0.879
    Daily SMA50: 0.8905
    Daily SMA100: 0.8868
    Daily SMA200: 0.8866
Levels:
    Previous Daily High: 0.8818
    Previous Daily Low: 0.8772
    Previous Weekly High: 0.8795
    Previous Weekly Low: 0.8636
    Previous Monthly High: 0.9119
    Previous Monthly Low: 0.8617
    Daily Fibonacci 38.2%: 0.879
    Daily Fibonacci 61.8%: 0.88
    Daily Pivot Point S1: 0.8768
    Daily Pivot Point S2: 0.8748
    Daily Pivot Point S3: 0.8723
    Daily Pivot Point R1: 0.8813
    Daily Pivot Point R2: 0.8838
    Daily Pivot Point R3: 0.8858

Author

Flavio Tosti

Independent Analyst

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