Home EUR/GBP Technical Analysis: 0.8840 target hit as Euro bulls attempt a counter-attack
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EUR/GBP Technical Analysis: 0.8840 target hit as Euro bulls attempt a counter-attack

EUR/GBP Daily chart

  • EUR/GBP is trading in a sideways trend and testing the 200-day simple moving averages (SMAs).  
  • At 19.00 GMT, investors must be cautious as Conservative Party lawmakers will vote for or against PM Theresa May amid growing discontent on the Brexit deal.
  • As forecast, the 0.8840 bear target has been reached.

EUR/GBP 4-four chart

  • EUR/GBP is trading below its main SMAs.  

EUR/GBP 30-minute chart

  • EUR/GBP bears must break below the 0.8840 level to reach 0.8800 figure.
  • On the flip side, bulls will target 0.8920 and 0.8970 levels as buyers have a slight advantage.  
  • Caution is advised as  Brexit-related news can lead to high volatility on GBP pairs.

Additional key levels  

EUR/GBP

Overview:
       Today Last Price:  0.8861
       Today Daily change:  2.0  pips
       Today Daily change %:  0.0226%
       Today Daily Open:  0.8859
Trends:
       Previous Daily SMA20:  0.8987
       Previous Daily SMA50:  0.8924
       Previous Daily SMA100:  0.8898
       Previous Daily SMA200:  0.8864
Levels:
       Previous Daily High:  0.8988
       Previous Daily Low:  0.8854
       Previous Weekly High:  0.9062
       Previous Weekly Low:  0.8923
       Previous Monthly High:  0.9089
       Previous Monthly Low:  0.8863
       Previous Daily Fibonacci 38.2%:  0.8905
       Previous Daily Fibonacci 61.8%:  0.8937
       Previous Daily Pivot Point S1:  0.8813
       Previous Daily Pivot Point S2:  0.8766
       Previous Daily Pivot Point S3:  0.8679
       Previous Daily Pivot Point R1:  0.8947
       Previous Daily Pivot Point R2:  0.9034
       Previous Daily Pivot Point R3:  0.9081

 

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