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EUR/GBP Technical Analysis: Struggles to break through 200-hour SMA ahead of UK/Euro-zone PMIs

   •  The cross built on its goodish rebound from Friday's three-week lows, albeit struggled to extend the momentum further beyond 200-hour SMA, or the key 0.90 psychological mark.

   •  Mixed technical indicators on hourly charts haven't been supportive of the up-move and seemed to be the only factor capping gains near 61.8% Fibo. level of last week's sharp retracement slide.

   •  Meanwhile, oscillators on the daily chart maintain their bullish bias and support prospects for further gains, though bulls are likely to wait for a sustained move beyond the 0.9060 supply zone.

   •  Market players now look forward to the final Euro-zone PMI and the UK manufacturing PMI for some meaningful trading impetus on the first trading day of the New Year. 

EUR/GBP 1-hourly chart

EUR/GBP

Overview:
    Today Last Price: 0.9002
    Today Daily change: 10 pips
    Today Daily change %: 0.111%
    Today Daily Open: 0.8992
Trends:
    Previous Daily SMA20: 0.8992
    Previous Daily SMA50: 0.8897
    Previous Daily SMA100: 0.89
    Previous Daily SMA200: 0.8852
Levels:
    Previous Daily High: 0.911
    Previous Daily Low: 0.8979
    Previous Weekly High: 0.9065
    Previous Weekly Low: 0.8902
    Previous Monthly High: 0.9089
    Previous Monthly Low: 0.8863
    Previous Daily Fibonacci 38.2%: 0.906
    Previous Daily Fibonacci 61.8%: 0.9029
    Previous Daily Pivot Point S1: 0.8944
    Previous Daily Pivot Point S2: 0.8896
    Previous Daily Pivot Point S3: 0.8813
    Previous Daily Pivot Point R1: 0.9076
    Previous Daily Pivot Point R2: 0.9159
    Previous Daily Pivot Point R3: 0.9207

 

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