Home EUR/GBP Technical Analysis: Euro bulls challenge the 0.8700 figure
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EUR/GBP Technical Analysis: Euro bulls challenge the 0.8700 figure

EUR/GBP daily chart

  • EUR/GBP is in in a sideways trend below the 50, 100 and 200-day simple moving averages (SMAs).
  • EUR/GBP tested the 2018 low last week.

EUR/GBP 4-hour chart

  • EUR/GBP is trading below its main SMAs, suggesting bearish momentum in the medium-term.  

EUR/GBP 30-minute chart

  • EUR/GBP is finding resistance at the 0.8700 figure and the 200 SMA. If bears can keep the pressure the market should revisit 0.8860, 0.8640 and 0.8620 support.
  • On the flip side, if Euro bulls push through 0.8700 resistance it can open the gates to 0.8760 and 0.8820 resistance.

Additional key levels

EUR/GBP

Overview:
       Today Last Price:  0.8688
       Today Daily change:  49  pips
       Today Daily change %:  0.57%
       Today Daily Open:  0.8639
Trends:
       Daily SMA20:  0.8886
       Daily SMA50:  0.8924
       Daily SMA100:  0.8879
       Daily SMA200:  0.8866
Levels:
       Previous Daily High:  0.8684
       Previous Daily Low:  0.8617
       Previous Weekly High:  0.8864
       Previous Weekly Low:  0.8617
       Previous Monthly High:  0.9089
       Previous Monthly Low:  0.8863
       Daily Fibonacci 38.2%:  0.8643
       Daily Fibonacci 61.8%:  0.8658
       Daily Pivot Point S1:  0.861
       Daily Pivot Point S2:  0.858
       Daily Pivot Point S3:  0.8544
       Daily Pivot Point R1:  0.8676
       Daily Pivot Point R2:  0.8713
       Daily Pivot Point R3:  0.8742

 

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