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
EUR/GBP
Overview:
Today Last Price: 0.8966
Today Daily change: -21 pips
Today Daily change %: -0.234%
Today Daily Open: 0.8987
Trends:
Previous Daily SMA20: 0.8999
Previous Daily SMA50: 0.8906
Previous Daily SMA100: 0.8902
Previous Daily SMA200: 0.8857
Levels:
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