On Thursday, the pair EURGBP, valued at 0.86735, ended the day at 0.8670, showing a 0.20% increase. It reached a peak of 0.8695 near the 200-day simple moving average.
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- EUR/GBP closed Thursday at 0.8670, up by 0.20%, hitting a daily high of 0.8695 near the 200-day SMA.
The pair currently trades last at 0.86735.
The previous day high was 0.866 while the previous day low was 0.8616. The daily 38.2% Fib levels comes at 0.8643, expected to provide support. Similarly, the daily 61.8% fib level is at 0.8633, expected to provide support.
On Thursday, the EUR/GBP cross gained further momentum, closing towards the 0.8670 area, and has already gained 1.34% in September.
In line with that, the daily chart indicates that the technical outlook favours the bulls over the bears. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are comfortably placed on the daily chart in positive territory. Moreover, the pair is above the 20 and 100-day Simple Moving Averages (SMAs), but below the 200-day SMA, suggesting that the bears struggle to challenge the overall bullish trend. Traders should eye the convergence of the 20 and 100-day averages towards the 0.8600 area, which seems to be about to perform a bullish cross, which could boost the buying impulse.
On the four-hour chart, technical indicators also point to a clear dominance of the bulls, with the RSI printing a slight upward slope near the 70 threshold while the MACD displays flat green bars.
Support Levels: 0.8630, 0.8600 (20 and 100-day SMA convergence), 0.8570.
Resistance Levels: 0.8700, 0.8710 (200-day SMA), 0.8750.
Technical Levels: Supports and Resistances
EURGBP currently trading at 0.867 at the time of writing. Pair opened at 0.8636 and is trading with a change of 0.39 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.8670 |
| 1 | Today Daily Change | 0.0034 |
| 2 | Today Daily Change % | 0.3900 |
| 3 | Today daily open | 0.8636 |
The pair is trading above its 20 Daily moving average @ 0.8587, above its 50 Daily moving average @ 0.8589 , above its 100 Daily moving average @ 0.8605 and below its 200 Daily moving average @ 0.8712
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.8587 |
| 1 | Daily SMA50 | 0.8589 |
| 2 | Daily SMA100 | 0.8605 |
| 3 | Daily SMA200 | 0.8712 |
The previous day high was 0.866 while the previous day low was 0.8616. The daily 38.2% Fib levels comes at 0.8643, expected to provide support. Similarly, the daily 61.8% fib level is at 0.8633, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 0.8615, 0.8594, 0.8571
- Pivot resistance is noted at 0.8658, 0.8681, 0.8702
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 0.8660 |
| Previous Daily Low | 0.8616 |
| Previous Weekly High | 0.8631 |
| Previous Weekly Low | 0.8558 |
| Previous Monthly High | 0.8669 |
| Previous Monthly Low | 0.8493 |
| Daily Fibonacci 38.2% | 0.8643 |
| Daily Fibonacci 61.8% | 0.8633 |
| Daily Pivot Point S1 | 0.8615 |
| Daily Pivot Point S2 | 0.8594 |
| Daily Pivot Point S3 | 0.8571 |
| Daily Pivot Point R1 | 0.8658 |
| Daily Pivot Point R2 | 0.8681 |
| Daily Pivot Point R3 | 0.8702 |
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