Home EUR/GBP Technical Analysis: Euro bulls looking at 0.9000 target next week against the British Pound
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EUR/GBP Technical Analysis: Euro bulls looking at 0.9000 target next week against the British Pound

EUR/GBP daily chart

  • EUR/GBP is trading at the top of the bear channel as it broke above all the main simple moving averages (SMA).  
  • Technical indicators such as RSI is above 50 while the MACD crossed over from below.  

EUR/GBP 4-hour chart

  • The next objective for bulls is to reach 0.8941 (October high) followed by 0.8997 (Sept. 21 high).  

EUR/GBP 30-minute chart

  • In the meanwhile, the level to beat for bulls is the 0.8900 resistance.  
  • A break below 0.8820 can be a sign of bullish weakness.  

 

Additional key levels at a glance:

EUR/GBP

Overview:
       Last Price:  0.8897
       Daily change:  28  pips
       Daily change:  0.316%
       Daily Open:  0.8869
Trends:
       Daily SMA20:  0.8798
       Daily SMA50:  0.8835
       Daily SMA100:  0.8881
       Daily SMA200:  0.8835
Levels:
       Daily High:  0.8892
       Daily Low:  0.8696
       Weekly High:  0.8774
       Weekly Low:  0.869
       Monthly High:  0.8942
       Monthly Low:  0.8722
       Daily Fibonacci 38.2%:  0.8817
       Daily Fibonacci 61.8%:  0.8771
       Daily Pivot Point S1:  0.8746
       Daily Pivot Point S2:  0.8623
       Daily Pivot Point S3:  0.8551
       Daily Pivot Point R1:  0.8942
       Daily Pivot Point R2:  0.9014
       Daily Pivot Point R3:  0.9137

 

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