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EUR/GBP Technical Analysis: pair could hit fresh one-month low below 0.8944

The EUR/GBP pair could drop below 0.8944 in the next day or two – the lowest level since Dec. 7 – according to technical charts.

Daily chart

  • The violation of the rising trendline and the bearish crossover between the 5- and 10-day moving averages (MAs) seen in the above chart indicates the path of least resistance is to the downside. Also supporting the bear case if the bearish crossover on the MACD.

Trend: Bearish


    Today Last Price: 0.8966
    Today Daily change: -21 pips
    Today Daily change %: -0.234%
    Today Daily Open: 0.8987
    Previous Daily SMA20: 0.8999
    Previous Daily SMA50: 0.8906
    Previous Daily SMA100: 0.8902
    Previous Daily SMA200: 0.8857
    Previous Daily High: 0.8993
    Previous Daily Low: 0.8952
    Previous Weekly High: 0.9119
    Previous Weekly Low: 0.8927
    Previous Monthly High: 0.9089
    Previous Monthly Low: 0.8863
    Previous Daily Fibonacci 38.2%: 0.8977
    Previous Daily Fibonacci 61.8%: 0.8968
    Previous Daily Pivot Point S1: 0.8962
    Previous Daily Pivot Point S2: 0.8936
    Previous Daily Pivot Point S3: 0.8921
    Previous Daily Pivot Point R1: 0.9003
    Previous Daily Pivot Point R2: 0.9018
    Previous Daily Pivot Point R3: 0.9044


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