Home EUR/GBP Technical Analysis: Slips below 0.8670 horizontal support, seems vulnerable to retest Jan. swing lows
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EUR/GBP Technical Analysis: Slips below 0.8670 horizontal support, seems vulnerable to retest Jan. swing lows

   “¢   The cross failed to capitalize on the early uptick to 50-hour SMA and dropped to fresh monthly lows in reaction to the disappointing Euro-zone manufacturing PMI prints.

   “¢   The downward momentum dragged the cross below horizontal support and thus, paves the way for further declines back towards Jan. swing lows, around the 0.8620-15 region.

   “¢   Given that the cross remains well below its important intraday moving averages – 50, 100 & 200-hour SMAs, bearish technical indicators further add credence to the negative outlook.

EUR/GBP 1-hourly chart

EUR/GBP

Overview:
       Today Last Price:  0.8669
       Today Daily change %:  -0.20%
       Today Daily Open:  0.8686
Trends:
       Daily SMA20:  0.8744
       Daily SMA50:  0.8866
       Daily SMA100:  0.8852
       Daily SMA200:  0.8864
Levels:
       Previous Daily High:  0.8716
       Previous Daily Low:  0.8673
       Previous Weekly High:  0.8842
       Previous Weekly Low:  0.8743
       Previous Monthly High:  0.9119
       Previous Monthly Low:  0.8617
       Daily Fibonacci 38.2%:  0.8699
       Daily Fibonacci 61.8%:  0.8689
       Daily Pivot Point S1:  0.8668
       Daily Pivot Point S2:  0.8649
       Daily Pivot Point S3:  0.8626
       Daily Pivot Point R1:  0.871
       Daily Pivot Point R2:  0.8734
       Daily Pivot Point R3:  0.8752

 

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