EUR/GBP Technical Analysis: Undecided below 0.8740 amid a barrage of Brexit headlines

Flavio Tosti Independent Analyst

EUR/GBP daily

EUR/GBP is trading at the bottom of a bear channel.

EUR/GBP 4-hour chart

EUR/GBP is trading below its main simple moving averages.
Technical indicators are in negative territories.

EUR/GBP 30-minute chart

On the intraday chart, EUR/GBP is displaying indecision with 0.8740 capping price to the upside and 0.8680 to the downside.
The Brexit headlines have been crossing the wires non-stop creating confusion among investors.

Additional key levels at a glance:

EUR/GBP

Overview:
    Last Price: 0.8689
    Daily change: -22 pips
    Daily change: -0.253%
    Daily Open: 0.8711
Trends:
    Daily SMA20: 0.8798
    Daily SMA50: 0.8844
    Daily SMA100: 0.8882
    Daily SMA200: 0.8836
Levels:
    Daily High: 0.8744
    Daily Low: 0.8656
    Weekly High: 0.8774
    Weekly Low: 0.869
    Monthly High: 0.8942
    Monthly Low: 0.8722
    Daily Fibonacci 38.2%: 0.869
    Daily Fibonacci 61.8%: 0.8711
    Daily Pivot Point S1: 0.8663
    Daily Pivot Point S2: 0.8615
    Daily Pivot Point S3: 0.8574
    Daily Pivot Point R1: 0.8752
    Daily Pivot Point R2: 0.8792
    Daily Pivot Point R3: 0.884

Author

Flavio Tosti

Independent Analyst

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