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  • EUR/GBP is trading in a bear trend below its 200-period simple moving average.  
  • EUR is losing three weeks of gains in the last two days as the bears are driving the market below the 0.8800 figure. The bias is bearish however, the RSI and Stochastic indicator are already in oversold territories.  
  • Targets to the downside can be located near 0.8752 (October 16 low) and 0.8722 (October low).

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:  0.8774
       Daily change:  -88  pips
       Daily change:  -0.993%
       Daily Open:  0.8862
Trends:
       Daily SMA20:  0.8818
       Daily SMA50:  0.8895
       Daily SMA100:  0.8886
       Daily SMA200:  0.8838
Levels:
       Daily High:  0.8934
       Daily Low:  0.8843
       Weekly High:  0.8897
       Weekly Low:  0.8798
       Monthly High:  0.8942
       Monthly Low:  0.8722
       Daily Fibonacci 38.2%:  0.8878
       Daily Fibonacci 61.8%:  0.8899
       Daily Pivot Point S1:  0.8825
       Daily Pivot Point S2:  0.8788
       Daily Pivot Point S3:  0.8733
       Daily Pivot Point R1:  0.8917
       Daily Pivot Point R2:  0.8972
       Daily Pivot Point R3:  0.9009