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EUR/GBP Technical Analysis: DXY bulls drive the market to 95.63 resistance

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 the 100 and 200 SMA on the 4-hour chart.

EUR/GBP 30-minute chart

  • EUR/GBP found resistance at the 0.8760 resistance and bears stepped in and drove the market below the 50 and 100 SMA.
  • At this stage, it seems that bulls are running out of steam and a drop to 0.8690 and 0.8650 can potentially be on the cards in the coming sessions. 

Additional key levels

EUR/GBP

Overview:
    Today Last Price: 0.873
    Today Daily change: -31 pips
    Today Daily change %: -0.35%
    Today Daily Open: 0.8761
Trends:
    Daily SMA20: 0.8846
    Daily SMA50: 0.8913
    Daily SMA100: 0.8874
    Daily SMA200: 0.8866
Levels:
    Previous Daily High: 0.8765
    Previous Daily Low: 0.8714
    Previous Weekly High: 0.8864
    Previous Weekly Low: 0.8617
    Previous Monthly High: 0.9089
    Previous Monthly Low: 0.8863
    Daily Fibonacci 38.2%: 0.8746
    Daily Fibonacci 61.8%: 0.8734
    Daily Pivot Point S1: 0.8729
    Daily Pivot Point S2: 0.8696
    Daily Pivot Point S3: 0.8678
    Daily Pivot Point R1: 0.878
    Daily Pivot Point R2: 0.8798
    Daily Pivot Point R3: 0.883

 

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