EUR/GBP Technical Analysis: Target hit as Euro drops to the 0.8970 level - Next destination is the 0.8900 figure

Flavio Tosti Independent Analyst

EUR/GBP daily chart

EUR/GBP is trading in a bull trend above a flat 200-day simple moving average.
As forecast, EUR/GBP dropped to the 0.8970 level.

EUR/GBP 4-hour chart

Euro is in correction mode after bulls bumped into a strong resistance at the 0.9100 figure.
The correction might not be over just yet.

EUR/GBP 30-minute chart

Resistance is 0.9000 figure.
Traders can potentially expect a drop all the way to the 0.8900 figure as the 200 SMA has been broken to the downside.

Additional key levels

EUR/GBP

Overview:
    Today Last Price: 0.8977
    Today Daily change: -86 pips
    Today Daily change %: -0.949%
    Today Daily Open: 0.9063
Trends:
    Previous Daily SMA20: 0.8898
    Previous Daily SMA50: 0.8836
    Previous Daily SMA100: 0.8889
    Previous Daily SMA200: 0.884
Levels:
    Previous Daily High: 0.907
    Previous Daily Low: 0.9006
    Previous Weekly High: 0.897
    Previous Weekly Low: 0.8863
    Previous Monthly High: 0.8932
    Previous Monthly Low: 0.8656
    Previous Daily Fibonacci 38.2%: 0.9045
    Previous Daily Fibonacci 61.8%: 0.903
    Previous Daily Pivot Point S1: 0.9023
    Previous Daily Pivot Point S2: 0.8982
    Previous Daily Pivot Point S3: 0.8959
    Previous Daily Pivot Point R1: 0.9086
    Previous Daily Pivot Point R2: 0.911
    Previous Daily Pivot Point R3: 0.915

Author

Flavio Tosti

Independent Analyst

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