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EUR/GBP Technical Analysis: Bulls reach a new 2018 high

  • EUR/GBP reached a new 2018 high at 0.9032 this Thursday then the market pulled back to the 200-period simple moving average just below the 0.9000 mark.
  • EUR/GBP seems to have found some support above 0.8957/67 area. Bulls objective is to resume the bull trend in order to reach 0.9109 September 8, 2017 low.  
  • An extension of the pullback would lead EUR/GBP towards 0.8937 July 31 high.

EUR/GBP 15-minute chart

EUR/GBP daily chart

Spot rate:                0.8992

Relative change:      -0.21%      
High:                       0.9032
Low:                        0.8984

Trend:                     Bullish

Resistance 1:         0.9019 August 9 high
Resistance 2:         0.9109 September 8, 2017 low
Resistance 3:         0.9160 August 23, 2017 low

Support 1:              0.8957/67 area, July 20 high and March 7 high  
Support 2:              0.8937 July 31 high
Support 3:              0.8920 supply level
Support 4:              0.8900 July 9 high
Support 5:              0.8868, 13 July high
Support 6:              0.8840 supply level
Support 7:              0.8820-0.8840 area, 200-day SMA  
Support 8:              0.8800 figure
Support 9:              0.8780 daily 50-period SMA
Support 10:             0.8764 June 8 low  

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