The EURGBP currency pair is facing difficulties in sustaining its upward movement and has been unable to surpass the resistance level at 0.8650. As a result, it has fallen by 0.10%.
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- EUR/GBP struggles to maintain upward momentum, fails to break 0.8650 resistance, and is down by 0.10%.
The pair currently trades last at 0.85968.
The previous day high was 0.8639 while the previous day low was 0.8606. The daily 38.2% Fib levels comes at 0.8619, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.8626, expected to provide resistance.
EUR/GBP extends its losses to two-consecutive days after struggling to break solid resistance at around 0.8650, with the pair sliding towards the 0.8590s area on Tuesday. At the time of writing, the EUR/GBP exchanges hands at 0.8597, down 0.10%.
The EUR/GBP reversed its course to the upside after piercing the 100-day Exponential Moving Average (EMA) at 0.8652 last Thursday, but buyers could not hold to gains above the latter, opening the door for a pullback. Since then, the EUR/GBP slid 0.75%, below the 0.8600 figure, though price action stalled at the 20-day EMA at 0.8595.
If the EUR/GBP drops below the latter, the next support to emerge would be the August 1 low of 0.8550, ahead of testing the year-to-date (YTD) low of 0.8504.
Conversely, if EUR/GBP achieves a daily close above 0.8600, that could open the door for further gains. The first resistance would be the 50-day EMA at 0.8610, followed by the 100-day EMA at 0.8649. Once those levels are cleared, the next resistance would emerge at the 200-day EMA at 0.8669.
Technical Levels: Supports and Resistances
EURGBP currently trading at 0.8597 at the time of writing. Pair opened at 0.8606 and is trading with a change of -0.1 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.8597 |
| 1 | Today Daily Change | -0.0009 |
| 2 | Today Daily Change % | -0.1000 |
| 3 | Today daily open | 0.8606 |
The pair is trading above its 20 Daily moving average @ 0.8596, above its 50 Daily moving average @ 0.8586 , below its 100 Daily moving average @ 0.8677 and below its 200 Daily moving average @ 0.8725
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.8596 |
| 1 | Daily SMA50 | 0.8586 |
| 2 | Daily SMA100 | 0.8677 |
| 3 | Daily SMA200 | 0.8725 |
The previous day high was 0.8639 while the previous day low was 0.8606. The daily 38.2% Fib levels comes at 0.8619, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.8626, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 0.8595, 0.8584, 0.8561
- Pivot resistance is noted at 0.8628, 0.8651, 0.8662
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 0.8639 |
| Previous Daily Low | 0.8606 |
| Previous Weekly High | 0.8656 |
| Previous Weekly Low | 0.8550 |
| Previous Monthly High | 0.8701 |
| Previous Monthly Low | 0.8504 |
| Daily Fibonacci 38.2% | 0.8619 |
| Daily Fibonacci 61.8% | 0.8626 |
| Daily Pivot Point S1 | 0.8595 |
| Daily Pivot Point S2 | 0.8584 |
| Daily Pivot Point S3 | 0.8561 |
| Daily Pivot Point R1 | 0.8628 |
| Daily Pivot Point R2 | 0.8651 |
| Daily Pivot Point R3 | 0.8662 |
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