Home EUR/GBP Technical Analysis: Bears break below 0.8847 key support and test the 200-day simple moving average
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EUR/GBP Technical Analysis: Bears break below 0.8847 key support and test the 200-day simple moving average

  • EUR/GBP is drifting lower as it broke 0.8847 (September 20 low) and is currently testing the 200-period simple moving average.
  • The RSI, MACD and Stochastics indicators are bearishly configured on the daily time-frame suggesting continued weakness.  
  • Targets to the downside can be located near 0.8800 figure and 0.8764 (June 8 low).  

EUR/GBP daily chart  

EUR/GBP

Overview:
       Last Price:  0.8842
       Daily change:  -28  pips
       Daily change:  -0.316%
       Daily Open:  0.887
Trends:
       Daily SMA20:  0.8911
       Daily SMA50:  0.8942
       Daily SMA100:  0.8876
       Daily SMA200:  0.8842
Levels:
       Daily High:  0.892
       Daily Low:  0.886
       Weekly High:  0.899
       Weekly Low:  0.8872
       Monthly High:  0.9054
       Monthly Low:  0.8848
       Daily Fibonacci 38.2%:  0.8883
       Daily Fibonacci 61.8%:  0.8897
       Daily Pivot Point S1:  0.8846
       Daily Pivot Point S2:  0.8823
       Daily Pivot Point S3:  0.8786
       Daily Pivot Point R1:  0.8907
       Daily Pivot Point R2:  0.8944
       Daily Pivot Point R3:  0.8968

Main Trend:            Neutral to bearish

Resistances and Supports:

Resistance 1:         0.8876 September 11 low
Resistance 2:         0.8896 August 14 swing low
Resistance 3:         0.8940 August 14 high
Resistance 4:         0.8974 September 6 low
Resistance 5:         0.9000 figure
Resistance 6:         0.9032 August 9 high
Resistance 7:         0.9100, current 2018 high

Support 1:         0.8847-42 September 20 low and 200-DSMA (key support)
Support 2:         0.8800 figure
Support 3:         0.8764 June 8 low  

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