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  • EUR/GBP is trading in a bear trend below its 200-period simple moving average.  
  • Bears have shown no mercy in the last three days as they erased three weeks of gains. EUR/GBP is consolidating losses below the 0.8800 figure as the market remains fragile to new bearish incursions.  Technical indicators are in negative territories.  
  • The 0.8800 figure and 0.8847 (September 20 low) might cap any recovery attempt.  

EUR/GBP 4-hour chart

Main Trend:            Bearish

Resistance 1:              0.8800 figure
Resistance 2:              0.8847 September 20 low  
Resistance 3:              0.8847 September 20 low  
Resistance 4:              0.8876 September 11 low
Resistance 5:              0.8900 figure  

Support 1:              0.8752 October 16 low
Support 2:              0.8722 October low
Support 3:              0.8700 figure

 

Additional key levels at a glance:

EUR/GBP

Overview:
       Last Price:  0.878
       Daily change:  4.0  pips
       Daily change:  0.0456%
       Daily Open:  0.8776
Trends:
       Daily SMA20:  0.8814
       Daily SMA50:  0.889
       Daily SMA100:  0.8886
       Daily SMA200:  0.8838
Levels:
       Daily High:  0.8878
       Daily Low:  0.8757
       Weekly High:  0.8897
       Weekly Low:  0.8798
       Monthly High:  0.8942
       Monthly Low:  0.8722
       Daily Fibonacci 38.2%:  0.8803
       Daily Fibonacci 61.8%:  0.8832
       Daily Pivot Point S1:  0.8729
       Daily Pivot Point S2:  0.8683
       Daily Pivot Point S3:  0.8608
       Daily Pivot Point R1:  0.885
       Daily Pivot Point R2:  0.8925
       Daily Pivot Point R3:  0.8971