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EUR/GBP Technical Analysis: Euro weakens against GBP as bears drive the market to 0.8900 figure

EUR/GBP daily chart

  • EUR/GBP is trading in a sideways trend above the 200-period simple moving average (SMA).
  • As forecast EUR/GBP broke down to the 0.8900 figure.

EUR/GBP 4-hour chart

  • EUR/GBP is trading at 2-month’s low. 

EUR/GBP 30-minute chart

  • EUR/GBP is trading below its main SMAs.
  • The momentum is bearish therefore a retest of 0.8900 and further weakness to 0.8840 can be on the cards.

 

Additional key levels

EUR/GBP

Overview:
    Today Last Price: 0.8913
    Today Daily change: -11 pips
    Today Daily change %: -0.123%
    Today Daily Open: 0.8924
Trends:
    Previous Daily SMA20: 0.8998
    Previous Daily SMA50: 0.8918
    Previous Daily SMA100: 0.8901
    Previous Daily SMA200: 0.8862
Levels:
    Previous Daily High: 0.9062
    Previous Daily Low: 0.8923
    Previous Weekly High: 0.9062
    Previous Weekly Low: 0.8923
    Previous Monthly High: 0.9089
    Previous Monthly Low: 0.8863
    Previous Daily Fibonacci 38.2%: 0.8976
    Previous Daily Fibonacci 61.8%: 0.9009
    Previous Daily Pivot Point S1: 0.8877
    Previous Daily Pivot Point S2: 0.8831
    Previous Daily Pivot Point S3: 0.8738
    Previous Daily Pivot Point R1: 0.9016
    Previous Daily Pivot Point R2: 0.9109
    Previous Daily Pivot Point R3: 0.9155

 

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