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EUR/GBP Technical Analysis: Euro trading down against GBP as ECB’s Draghi speaks at the press conference

EUR/GBP daily chart

  • EUR/USD is trading in a bull trend above flat 50, 100 and 200-day simple moving averages.
  • The ECB press conference at 13.30 GMT is providing volatility in the forex market. 

EUR/GBP 4-hour chart

  • EUR/GBP is testing the 50 SMA which can provide some short-term support. 

EUR/GBP 30-minute chart

  • As mentioned in the previous update, it was to be expected that the 200 SMA would not hold. 
  • While it is most likely the market will correct up towards 0.9000 in the short-term, the main bear target still remains the 0.8920 level.

Additional key levels


    Today Last Price: 0.8961
    Today Daily change: -14 pips
    Today Daily change %: -0.156%
    Today Daily Open: 0.8975
    Previous Daily SMA20: 0.8912
    Previous Daily SMA50: 0.8838
    Previous Daily SMA100: 0.889
    Previous Daily SMA200: 0.8841
    Previous Daily High: 0.9072
    Previous Daily Low: 0.8968
    Previous Weekly High: 0.897
    Previous Weekly Low: 0.8863
    Previous Monthly High: 0.8932
    Previous Monthly Low: 0.8656
    Previous Daily Fibonacci 38.2%: 0.9008
    Previous Daily Fibonacci 61.8%: 0.9032
    Previous Daily Pivot Point S1: 0.8938
    Previous Daily Pivot Point S2: 0.8902
    Previous Daily Pivot Point S3: 0.8835
    Previous Daily Pivot Point R1: 0.9042
    Previous Daily Pivot Point R2: 0.9109
    Previous Daily Pivot Point R3: 0.9145


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