Home EUR/GBP Technical Analysis: Bears drive the market to the 2019 low as GBP strengthens across the board
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EUR/GBP Technical Analysis: Bears drive the market to the 2019 low as GBP strengthens across the board

EUR/GBP daily chart

  • EUR/GBP is trading in a sideways trend below the 50, 100 and 200-day simple moving averages (SMAs).

EUR/GBP 4-hour chart

  • EUR/GBP is trading below its main SMAs as the currency cross is trading at the 2019 lows.

EUR/GBP 30-minute chart

  • EUR/GBP bears drove the market to the 0.8760 support as the GBP is gaining strength across the board.  
  • As the market is testing last Thursday  low, bulls might step in for a run  to the 0.8820 level.
  • If 0.8760 support fails to hold prices then a drop to 0.8710 can be on the cards for sellers.

Additional key levels

EUR/GBP

Overview:
       Today Last Price:  0.8768
       Today Daily change:  49  pips
       Today Daily change %:  -0.56%
       Today Daily Open:  0.8817
Trends:
       Daily SMA20:  0.8948
       Daily SMA50:  0.8932
       Daily SMA100:  0.8891
       Daily SMA200:  0.8866
Levels:
       Previous Daily High:  0.8864
       Previous Daily Low:  0.8806
       Previous Weekly High:  0.8988
       Previous Weekly Low:  0.8764
       Previous Monthly High:  0.9089
       Previous Monthly Low:  0.8863
       Daily Fibonacci 38.2%:  0.8828
       Daily Fibonacci 61.8%:  0.8842
       Daily Pivot Point S1:  0.8795
       Daily Pivot Point S2:  0.8772
       Daily Pivot Point S3:  0.8737
       Daily Pivot Point R1:  0.8852
       Daily Pivot Point R2:  0.8887
       Daily Pivot Point R3:  0.891

 

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