EUR/GBP is taking bids around 0.8610 before European sessions on Tuesday.
The pair recently crossed immediate trend-line resistance that joined highs marked since February 14.
As a result, the region comprising January lows and present month high around 0.8617-27 gains buyers’ attention.
Should prices rally beyond 0.8627, 23.6% Fibonacci retracement of January – February dip, at 0.8665, followed by 0.8725 and another downward sloping trend-line at 0.8735, could please the Bulls.
If the pair fails to hold its post breakout strength, 0.8560 and 0.8530 are likely nearby numbers to appear on the chart.
Additionally, pair’s decline beneath 0.8530 might not refrain from visiting the 61.8% Fibonacci expansion of its recent moves around 0.8500 mark.
EUR/GBP 4-Hour chart
EUR/GBP
Overview:
Today Last Price: 0.861
Today Daily change: 0.0002 pips
Today Daily change %: 0.02%
Today Daily Open: 0.8608
Trends:
Daily SMA20: 0.8706
Daily SMA50: 0.8806
Daily SMA100: 0.884
Daily SMA200: 0.8859
Levels:
Previous Daily High: 0.861
Previous Daily Low: 0.8558
Previous Weekly High: 0.8702
Previous Weekly Low: 0.8529
Previous Monthly High: 0.8842
Previous Monthly Low: 0.8529
Daily Fibonacci 38.2%: 0.859
Daily Fibonacci 61.8%: 0.8578
Daily Pivot Point S1: 0.8574
Daily Pivot Point S2: 0.8539
Daily Pivot Point S3: 0.8521
Daily Pivot Point R1: 0.8627
Daily Pivot Point R2: 0.8645
Daily Pivot Point R3: 0.8679