OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/GBP Technical Analysis: 0.8840 target hit as Euro bulls attempt a counter-attack

EUR/GBP Daily chart

  • EUR/GBP is trading in a sideways trend and testing the 200-day simple moving averages (SMAs). 
  • At 19.00 GMT, investors must be cautious as Conservative Party lawmakers will vote for or against PM Theresa May amid growing discontent on the Brexit deal.
  • As forecast, the 0.8840 bear target has been reached.

EUR/GBP 4-four chart

  • EUR/GBP is trading below its main SMAs. 

EUR/GBP 30-minute chart

  • EUR/GBP bears must break below the 0.8840 level to reach 0.8800 figure.
  • On the flip side, bulls will target 0.8920 and 0.8970 levels as buyers have a slight advantage. 
  • Caution is advised as Brexit-related news can lead to high volatility on GBP pairs.

Additional key levels 

EUR/GBP

Overview:
    Today Last Price: 0.8861
    Today Daily change: 2.0 pips
    Today Daily change %: 0.0226%
    Today Daily Open: 0.8859
Trends:
    Previous Daily SMA20: 0.8987
    Previous Daily SMA50: 0.8924
    Previous Daily SMA100: 0.8898
    Previous Daily SMA200: 0.8864
Levels:
    Previous Daily High: 0.8988
    Previous Daily Low: 0.8854
    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%: 0.8905
    Previous Daily Fibonacci 61.8%: 0.8937
    Previous Daily Pivot Point S1: 0.8813
    Previous Daily Pivot Point S2: 0.8766
    Previous Daily Pivot Point S3: 0.8679
    Previous Daily Pivot Point R1: 0.8947
    Previous Daily Pivot Point R2: 0.9034
    Previous Daily Pivot Point R3: 0.9081

 

NZD/USD off one week lows, finds some support ahead of mid-0.6700s

   •  Bulls shrug off China’s signal of economic stimulus to counter slowing growth.    •  A modest pickup in the USD demand prompts some long-unwind
Read more Previous

USD/CAD continues to trade in weekly range below 1.33

Since failing to break above the 1.33 mark earlier this week, the USD/CAD pair trades in a relatively tight range and is having a difficult time setti
Read more Next
Start livechat