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Key Resistance Levels: 0.9200, 0.9400, 0.9600
Key Support Levels: 0.8800, 0.8600, 0.8400
EUR / GBP Priis Lange termyn Trend: Bullish
The pound has been in a sideways move since December. Today, the Pound is moving upward after falling to the low of level 0.8942. It is unclear whether the upward move will continue as the price continues to fluctuate.
Yndyske oantsjuttings foar lêzen fan kaart:
De SMA's fan 50 dagen en 21 dagen binne horizontaal skean. It pear is op nivo 49 fan 'e perioade fan' e Relative Strength Index 14. It pûn is ûnder de sintrumline 50. It jout ek oan dat d'r in lykwicht is tusken oanbod en fraach.
EUR / GBP Trend op middellange termyn: Bullish
On the 4-hour chart, the EUR/GBP pair is on an upward move. On January 4 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pound will rise to level 1.618 Fibonacci extension level. That is the low of 0.90234. The price has already been tested and reached that level.
4-oere grafyske yndikatoaren lêze
The 50-day SMA and 21-day SMA are sloping upward. The pair is above the 80% range of the daily stochastic. It indicates that the Pound is in bullish momentum and now in the overbought region.
Algemiene Outlook foar EUR / GBP
The Pound has been fluctuating since December. Today, the market is moving upward. The pound has reached the target price of level 0.90234. There are chances of a further upward move.
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