EUR/GBP Technical Analysis: Dead cat bounce?
- EUR/GBP is trading in a bear trend below its 200-period simple moving average.
- Bears have shown no mercy in the last three days as they erased three weeks of gains. EUR/GBP is consolidating losses below the 0.8800 figure as the market remains fragile to new bearish incursions. Technical indicators are in negative territories.
- The 0.8800 figure and 0.8847 (September 20 low) might cap any recovery attempt.
EUR/GBP 4-hour chart
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Main Trend: Bearish
Resistance 1: 0.8800 figure
Resistance 2: 0.8847 September 20 low
Resistance 3: 0.8847 September 20 low
Resistance 4: 0.8876 September 11 low
Resistance 5: 0.8900 figure
Support 1: 0.8752 October 16 low
Support 2: 0.8722 October low
Support 3: 0.8700 figure
Additional key levels at a glance:
EUR/GBP
Overview:
Last Price: 0.878
Daily change: 4.0 pips
Daily change: 0.0456%
Daily Open: 0.8776
Trends:
Daily SMA20: 0.8814
Daily SMA50: 0.889
Daily SMA100: 0.8886
Daily SMA200: 0.8838
Levels:
Daily High: 0.8878
Daily Low: 0.8757
Weekly High: 0.8897
Weekly Low: 0.8798
Monthly High: 0.8942
Monthly Low: 0.8722
Daily Fibonacci 38.2%: 0.8803
Daily Fibonacci 61.8%: 0.8832
Daily Pivot Point S1: 0.8729
Daily Pivot Point S2: 0.8683
Daily Pivot Point S3: 0.8608
Daily Pivot Point R1: 0.885
Daily Pivot Point R2: 0.8925
Daily Pivot Point R3: 0.8971