EUR/GBP Is on the Upside, May Reach Level 0.9237
Login

EUR/GBP Is on the Upside, May Reach Level 0.9237

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Key Resistance Levels: 0.9200, 0.9400, 0.9600
Key Support Levels: 0.8800, 0.8600, 0.8400

EUR/GBP Price Long-term Trend: Bullish
The pound is in a strong uptrend. It has broken the previous resistance levels and it is approaching the high of level 0.9150. The price has retested the resistance at level 0.9200 and pulled back. The bulls are still pushing on the upside.

EUR/GBP – Daily Chart

Daily Chart Indicators Reading:
The 50-day and 21-day SMAs are sloping upward indicating the uptrend. The pair is at level 55 of the Relative Strength Index period 14. The pound is above the centerline 50 and it is in the uptrend zone.

EUR/GBP Medium-term Trend: Bullish

On the 4-hour chart, the EUR/GBP pair is on an upward move. On December 2 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. This retracement indicates that the pound will rise to level 2.0 Fibonacci extension level. That is the high of 0.9237.

EUR/GBP – 4 Hour Chart

4 -Hour Chart Indicators Reading
The 50-day SMA and 21-day SMA are sloping upward. The pair is below the 40% range of the daily stochastic. It indicates that the Pound is in a bearish momentum.

General Outlook for EUR/GBP
The Pound has been rising for the past 48 hours. The uptrend is likely to continue to level 0.9200. Meanwhile, the Fibonacci tool is indicating that the pound will reach a high of 0.9237.


Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News