EUR/GBP Technical Analysis: Bears in control eyeing 0.8900 level

Your ads will be inserted here by

Easy Plugin for AdSense.

Please go to the plugin admin page to
Paste your ad code OR
Suppress this ad slot.

  • EUR/GBP is trading down for the second consecutive day after reaching a new 2018 high this Thursday.
  • EUR/GBP is currently printing new daily lows below 0.8937 support as EUR/GBP momentum is switching to short-term bearish. EUR/GBP is trading below its main simple moving averages on the 15-minute chart.
  • EUR/GBP bears next targets to the downside are seen near 0.8920 supply level and 0.8900 July 9 high.  

EUR/GBP 15-minute chart

EUR/GBP daily chart

Spot rate:                0.8934

Relative change:     -0.61%     
High:                       0.8933
Low:                        0.8928

Main Trend:                          Bullish
Short-term Trend:                 Bearish below 0.9000

Resistance 1:         0.8937 July 31 high
Resistance 2:         0.8957/67 area, July 20 high and March 7 high 
Resistance 3:         0.9019 August 9 high
Resistance 4:         0.9109 September 8, 2017 low
Resistance 5:         0.9160 August 23, 2017 low

Support 1:              0.8920 supply level
Support 2:              0.8900 July 9 high
Support 3:              0.8868, 13 July high
Support 4:              0.8840 supply level
Support 5:              0.8820-0.8840 area, 200-day SMA 
Support 6:              0.8800 figure
Support 7:              0.8780 daily 50-period SMA
Support 8:              0.8764 June 8 low 

VN:F [1.9.22_1171]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)

Leave a Reply

Your email address will not be published. Required fields are marked *

* Copy This Password *

* Type Or Paste Password Here *