Home EUR/GBP Technical Analysis: Euro bulls grinding up and testing 0.8900 figure
FXStreet News

EUR/GBP Technical Analysis: Euro bulls grinding up and testing 0.8900 figure

  • EUR/GBP is trading in an uptrend above the 200-period simple on the 4-hour chart.
  • EUR/GBP has been trading in a bull channel for the most part of October and it is now trying to breakout above the 0.8900 figure. Technical indicators show no slowing down of the current trend suggesting that a potential continuation up towards 0.8950 figure can be on the cards.
  • However, a strong rejection of 0.8900 might lead to a correction to 0.8850 and the 200-period simple moving average.  

EUR/GBP 4-hour chart

Main Trend:            Bullish

Resistance 1:         0.8900 figure  
Resistance 2:         0.8950 figure
Resistance 3:         0.9000 figure

Support 1:              0.8876 September 11 low
Support 2:              0.8847 September 20 low  
Support 3:              0.8800 figure
Support 4:              0.8752 October 16 low
Support 5:              0.8722 October low

 

Additionnal key levels at a glance

EUR/GBP

Overview:
       Last Price:  0.8892
       Daily change:  5.0  pips
       Daily change:  0.0563%
       Daily Open:  0.8887
Trends:
       Daily SMA20:  0.8816
       Daily SMA50:  0.8899
       Daily SMA100:  0.8883
       Daily SMA200:  0.8836
Levels:
       Daily High:  0.8897
       Daily Low:  0.8862
       Weekly High:  0.8897
       Weekly Low:  0.8798
       Monthly High:  0.9054
       Monthly Low:  0.8848
       Daily Fibonacci 38.2%:  0.8883
       Daily Fibonacci 61.8%:  0.8875
       Daily Pivot Point S1:  0.8866
       Daily Pivot Point S2:  0.8846
       Daily Pivot Point S3:  0.8831
       Daily Pivot Point R1:  0.8902
       Daily Pivot Point R2:  0.8917
       Daily Pivot Point R3:  0.8937

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.