Key Resistance Levels: 0.9200, 0.9400, 0.9600
Key Support Levels: 0.8800, 0.8600, 0.8400
EUR/GBP Price Long-term Trend: Bearish
The pound is presently falling in a downward move. The pair was earlier making a correction when it was rejected at level 0.91000. The downtrend will reach the previous low at level 0.8880.
Daily Chart Indicators Reading:
The 50-day and 21-day SMAs are sloping horizontally. The pair is at level 43 of the Relative Strength Index period 14. The pound is below the centerline 50 and it is in the downtrend zone.
EUR/GBP Medium-term Trend: Bullish
On the 4-hour chart, the EUR/GBP pair is on a downward move. On December 31 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. This retracement indicates that the pound will fall to a level 2.0 Fibonacci extension level. That is the low of 0.8906.
4-hour Chart Indicators Reading
The 50-day SMA and 21-day SMA are sloping downward. The pair is above the 50% range of the daily stochastic. It indicates that the Pound is in bearish momentum. It is also approaching the oversold region
General Outlook for EUR/GBP
The Pound has resumed a downward move. The overall trend has been a sideways move. According to the Fibonacci tool, the market will fall to level 0.8906.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
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.