EUR/GBP Technical Analysis: Euro trapped near 0.8770 for the 5th consecutive day


EUR/GBP daily chart

  • EUR/GBP is trading in a sideways trend below the 200-day simple moving averages (SMAs).

EUR/GBP4-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 between the 50 and 200 SMAs on the 30-minute chart suggesting a sideways market in the short-term.
  • A break above 0.8790 would lead to a move to 0.8820.
  • On the flip side, if bears break below 0.8740, the next supports to the downside is seen near 0.8720 and 0.8700 figure.

Additional key levels

EUR/GBP

Overview:
    Today Last Price: 0.8773
    Today Daily change: -15 pips
    Today Daily change %: -0.17%
    Today Daily Open: 0.8788
Trends:
    Daily SMA20: 0.8757
    Daily SMA50: 0.8893
    Daily SMA100: 0.8861
    Daily SMA200: 0.8865
Levels:
    Previous Daily High: 0.8791
    Previous Daily Low: 0.8756
    Previous Weekly High: 0.8822
    Previous Weekly Low: 0.8726
    Previous Monthly High: 0.9119
    Previous Monthly Low: 0.8617
    Daily Fibonacci 38.2%: 0.8778
    Daily Fibonacci 61.8%: 0.877
    Daily Pivot Point S1: 0.8766
    Daily Pivot Point S2: 0.8744
    Daily Pivot Point S3: 0.8731
    Daily Pivot Point R1: 0.88
    Daily Pivot Point R2: 0.8813
    Daily Pivot Point R3: 0.8835

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: Teasing range breakdown ahead of Powell speech

EUR/USD has been restricted to a narrow range of 1.1115-1.1063 since last Friday. The pair is currently probing the lower edge of the trading range. A range breakdown, if any, could trap sellers on the wrong side of the market if Fed's Powell sounds dovish.

EUR/USD News

GBP/USD retraces from 3-week high while heading into G7, Jackson Hole

GBP/USD trims latest gains as Tories warn PM Johnson. The increasing scope of soft Brexit triggered the pair’s earlier surge. G7, global central bankers’ appearance at Jackson Hole will be followed for fresh impulse.

GBP/USD News

USD/JPY: Yen dips as Japan's inflation hovers at 2-year lows

The Japanese Yen is losing altitude in Asia, possibly due to dismal Japanese inflation data and the resulting rise in the dovish Bank of Japan (BOJ) expectations. Japan's core inflation remained at two-year lows in July.

USD/JPY News

Gold: Looks south with symmetrical triangle breakdown on 4H

Gold has dived out a symmetrical triangle pattern on the 4-hour chart. The daily chart indicators also favor a drop to $1,480. Essentially, sellers have come out victorious in a tug of war with the bulls.

Gold News

The audiences of Chairman Powell

The FOMC vote in July to drop the fed funds rate 0.25% for the first time since December 2008 was 8-2 with some members who approved the reduction doubting its logic or necessity. 

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •