Home EUR/GBP Technical Analysis: Bull party is over as EUR/GBP falls to 0.9000 figure
FXStreet News

EUR/GBP Technical Analysis: Bull party is over as EUR/GBP falls to 0.9000 figure

  • EUR/GBP bears broke below the bull trend channel and are currently testing the 0.9000 figure.  
  • Since the bull momentum has been so strong in the last weeks bulls might try to resume the bull trend another time.  
  • The sell-off was strong and their attempt is likely to fail near 0.9050 resistance.  

EUR/GBP 15-minute chart

Spot rate:                0.9000
Relative change:      -0.96%      
High:                       0.9093
Low:                        0.8987

Main Trend:            Bullish

Resistance 1:         0.9032 former 2018 high
Resistance 2:         0.9048 current 2018 high
Resistance 3:         0.9056 August 13, 2017 low
Resistance 4:         0.9100 figure
Resistance 5:         0.9121 September 10, 2017 high
Resistance 6:         0.9171 September 8, 2017 open

Support 1:              0.9000 figure
Support 2:              0.8965 supply/demand level
Support 3:              0.8940 August 14 high
Support 4:              0.8900 July 9 high
Support 5:              0.8868, 13 July high
Support 6:              0.8840 supply level

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.