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  • EUR/GBP is trading in a bear trend below its 200-period simple moving average.
  • EUR/GBP has been under great bearish pressure in the last three days. In order the extend the bear trend sellers will need to overcome 0.8722 October low. Technical indicators are in ovesold condition suggesting a slowing down.
  • The 0.8800 figure and 0.8847 (September 20 low) should act as resistance on any reversal 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:  0.8749
Daily change:  -31  pips
Daily change:  -0.353%
Daily Open:  0.878
Trends:
Daily SMA20:  0.8814
Daily SMA50:  0.8885
Daily SMA100:  0.8887
Daily SMA200:  0.8838
Levels:
Daily High:  0.8804
Daily Low:  0.8767
Weekly High:  0.8942
Weekly Low:  0.8757
Monthly High:  0.8942
Monthly Low:  0.8722
Daily Fibonacci 38.2%:  0.8789
Daily Fibonacci 61.8%:  0.8781
Daily Pivot Point S1:  0.8763
Daily Pivot Point S2:  0.8746
Daily Pivot Point S3:  0.8726
Daily Pivot Point R1:  0.88
Daily Pivot Point R2:  0.882
Daily Pivot Point R3:  0.8837