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EUR/GBP daily chart

  • EUR/GBP is trading just above its 50 and 200-day simple moving averages (SMAs).  
  • The market is trading inside Friday’s range rejecting the 100 SMA.  
  • Technical indicators are holding in positive territories.  

EUR/GBP 4-hour chart

  • EUR/GBP is consolidating after the recent drop to the 0.8840 level.  
  • The market is fairly balanced and both bulls and bears have valid arguments.  
  • The market is creating a double bottom bull flag, giving buyers the opportunity to  target  0.8900 figure. However, the market remains fragile and failure to hold 0.8840 level could lead to a drop to the 0.8790 level.

EUR/GBP 30-minute chart

  • EUR/GBP is trading below its main SMAs.  
  • The first task for bulls is to recapture the 0.8870 level.

Additional key levels

EUR/GBP

Overview:
       Today Last Price:  0.8846
       Today Daily change:  5.0  pips
       Today Daily change %:  0.0566%
       Today Daily Open:  0.8841
Trends:
       Previous Daily SMA20:  0.8809
       Previous Daily SMA50:  0.8832
       Previous Daily SMA100:  0.8884
       Previous Daily SMA200:  0.8836
Levels:
       Previous Daily High:  0.888
       Previous Daily Low:  0.8839
       Previous Weekly High:  0.8934
       Previous Weekly Low:  0.8839
       Previous Monthly High:  0.8942
       Previous Monthly Low:  0.8722
       Previous Daily Fibonacci 38.2%:  0.8854
       Previous Daily Fibonacci 61.8%:  0.8864
       Previous Daily Pivot Point S1:  0.8827
       Previous Daily Pivot Point S2:  0.8812
       Previous Daily Pivot Point S3:  0.8786
       Previous Daily Pivot Point R1:  0.8867
       Previous Daily Pivot Point R2:  0.8894
       Previous Daily Pivot Point R3:  0.8908