Search ForexCrunch

   “¢   The cross extended Friday’s rejection slide from 100-hour EMA and dropped to fresh monthly lows in the last hour, closer to the 0.8620-15 horizontal support tested in late-Jan.  

   “¢   Technical indicators on hourly charts are already pointing to slightly oversold conditions and might help limit the ongoing decline near the key support, extending from April 2018.

EUR/GBP 1-hourly chart

   “¢   On a sustained break below the mentioned support would mark a fresh bearish breakdown and turn the cross vulnerable to break below the 0.8600 handle – levels not seen since May 2017.

Daily chart


       Today Last Price:  0.8634
       Today Daily change %:  -0.44%
       Today Daily Open:  0.8672
       Daily SMA20:  0.8748
       Daily SMA50:  0.8848
       Daily SMA100:  0.8849
       Daily SMA200:  0.8863
       Previous Daily High:  0.8702
       Previous Daily Low:  0.8662
       Previous Weekly High:  0.8768
       Previous Weekly Low:  0.8665
       Previous Monthly High:  0.9119
       Previous Monthly Low:  0.8617
       Daily Fibonacci 38.2%:  0.8677
       Daily Fibonacci 61.8%:  0.8686
       Daily Pivot Point S1:  0.8655
       Daily Pivot Point S2:  0.8639
       Daily Pivot Point S3:  0.8616
       Daily Pivot Point R1:  0.8695
       Daily Pivot Point R2:  0.8718
       Daily Pivot Point R3:  0.8734