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Dec 17, 2018
EUR/GBP Technical Analysis: 200-hour MA is key support
EUR/GBP's recent drop from 0.9087 to 0.8952 has neutralized the immediate bullish outlook. A bearish reversal, however, would be confirmed below the crucial support of the 200-hour moving average (MA).
Hourly Chart
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As seen above, the 200-hour MA line proved a tough to crack last week, having worked as a strong support earlier this month. As a result, the key MA line is the level to beat for the bears. Acceptance below 0.8973 (200-hour MA), if confirmed, could yield a quick drop to 0.89.
Trend: bearish below 200-hour MA
EUR/GBP
Overview:
Today Last Price: 0.899
Today Daily change: 8.0 pips
Today Daily change %: 0.0891%
Today Daily Open: 0.8982
Trends:
Previous Daily SMA20: 0.8921
Previous Daily SMA50: 0.8845
Previous Daily SMA100: 0.8892
Previous Daily SMA200: 0.8841
Levels:
Previous Daily High: 0.9009
Previous Daily Low: 0.8961
Previous Weekly High: 0.9089
Previous Weekly Low: 0.8952
Previous Monthly High: 0.8932
Previous Monthly Low: 0.8656
Previous Daily Fibonacci 38.2%: 0.8991
Previous Daily Fibonacci 61.8%: 0.8979
Previous Daily Pivot Point S1: 0.8959
Previous Daily Pivot Point S2: 0.8936
Previous Daily Pivot Point S3: 0.8911
Previous Daily Pivot Point R1: 0.9007
Previous Daily Pivot Point R2: 0.9032
Previous Daily Pivot Point R3: 0.9055