EUR/GBP Technical Analysis: Bears drive the market to the 2019 low as GBP strengthens across the board


EUR/GBP daily chart

  • EUR/GBP is trading in a sideways trend below the 50, 100 and 200-day simple moving averages (SMAs).

EUR/GBP 4-hour chart

  • EUR/GBP is trading below its main SMAs as the currency cross is trading at the 2019 lows.

EUR/GBP 30-minute chart

  • EUR/GBP bears drove the market to the 0.8760 support as the GBP is gaining strength across the board. 
  • As the market is testing last Thursday low, bulls might step in for a run to the 0.8820 level.
  • If 0.8760 support fails to hold prices then a drop to 0.8710 can be on the cards for sellers.

Additional key levels

EUR/GBP

Overview:
    Today Last Price: 0.8768
    Today Daily change: 49 pips
    Today Daily change %: -0.56%
    Today Daily Open: 0.8817
Trends:
    Daily SMA20: 0.8948
    Daily SMA50: 0.8932
    Daily SMA100: 0.8891
    Daily SMA200: 0.8866
Levels:
    Previous Daily High: 0.8864
    Previous Daily Low: 0.8806
    Previous Weekly High: 0.8988
    Previous Weekly Low: 0.8764
    Previous Monthly High: 0.9089
    Previous Monthly Low: 0.8863
    Daily Fibonacci 38.2%: 0.8828
    Daily Fibonacci 61.8%: 0.8842
    Daily Pivot Point S1: 0.8795
    Daily Pivot Point S2: 0.8772
    Daily Pivot Point S3: 0.8737
    Daily Pivot Point R1: 0.8852
    Daily Pivot Point R2: 0.8887
    Daily Pivot Point R3: 0.891

 

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