EUR/GBP Technical Analysis: Euro trading at 5-day’s lows against Sterling

Flavio Tosti Independent Analyst

EUR/GBP daily

EUR/GBP is trading in a bear trend below its 100 and 200 simple moving averages (SMAs).
EUR/GBP is trading near its lowest in the last 5 days but is still trading above its 50 SMA.

EUR/GBP 4-hour chart

EUR/GBP is trading below its main 50 SMA suggesting a correction down in the medium-term.

EUR/GBP 30-minute chart

EUR/GBP is trading below its main SMAs suggesting a bearish bias in the short-term.
0.8630 is acting as the key support to break for bears. A breach of the level to the downside can expose the 0.8600 figure.
Alternatively, if bulls keep the range of the last days intact, resistance is seen at 0.8650 and 0.8680 level.

Additional key levels

EUR/GBP

Overview
Today last price	0.8634
Today Daily Change	-0.0045
Today Daily Change %	-0.52
Today daily open	0.8679

Trends
Daily SMA20	0.8613
Daily SMA50	0.8618
Daily SMA100	0.8756
Daily SMA200	0.8821

Levels
Previous Daily High	0.8684
Previous Daily Low	0.8635
Previous Weekly High	0.8682
Previous Weekly Low	0.8618
Previous Monthly High	0.8724
Previous Monthly Low	0.847
Daily Fibonacci 38.2%	0.8665
Daily Fibonacci 61.8%	0.8654
Daily Pivot Point S1	0.8648
Daily Pivot Point S2	0.8617
Daily Pivot Point S3	0.8599
Daily Pivot Point R1	0.8697
Daily Pivot Point R2	0.8715
Daily Pivot Point R3	0.8746

Author

Flavio Tosti

Independent Analyst

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