“¢ The cross continued with its consolidative price action just three-week tops and has been making higher lows on intraday charts, forming a bullish ascending triangle.
“¢ Given that the cross is holding comfortably above important daily moving averages – 50, 100 & 200-day SMAs, add credence to the near-term constructive outlook.
“¢ Meanwhile, bullish technical indicators on hourly/daily charts further support prospects for an extension of the pair’s strong momentum witness last week.
EUR/GBP 15-mins chart
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EUR/GBP
Overview:
Last Price: 0.8917
Daily change: 6.0 pips
Daily change: 0.0673%
Daily Open: 0.8911
Trends:
Daily SMA20: 0.8812
Daily SMA50: 0.8834
Daily SMA100: 0.8884
Daily SMA200: 0.8836
Levels:
Daily High: 0.8926
Daily Low: 0.8886
Weekly High: 0.8906
Weekly Low: 0.8656
Monthly High: 0.8942
Monthly Low: 0.8722
Daily Fibonacci 38.2%: 0.8911
Daily Fibonacci 61.8%: 0.8902
Daily Pivot Point S1: 0.8889
Daily Pivot Point S2: 0.8868
Daily Pivot Point S3: 0.8849
Daily Pivot Point R1: 0.893
Daily Pivot Point R2: 0.8948
Daily Pivot Point R3: 0.897
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