21 Nov 2018
EUR/GBP Technical Analysis: threatening a stronger pullback
- The bearish divergence of the relative strength index (RSI) and rising wedge breakdown, as seen in the EUR/GBP 4-hour chart, indicates scope for a stronger pullback below the 100-day simple moving average (SMA) of 0.8882.
- The bearish setup on the 4-hour chart, however, would be invalidated if the pair finds acceptance above the recent high of 0.8932.
4-hour Chart
-636783719535273734.png)
Trend: Pullback likely
EUR/GBP
Overview:
Last Price: 0.8894
Daily change: 2.0 pips
Daily change: 0.0225%
Daily Open: 0.8892
Trends:
Daily SMA20: 0.8809
Daily SMA50: 0.8834
Daily SMA100: 0.8883
Daily SMA200: 0.8836
Levels:
Daily High: 0.8924
Daily Low: 0.8875
Weekly High: 0.8906
Weekly Low: 0.8656
Monthly High: 0.8942
Monthly Low: 0.8722
Daily Fibonacci 38.2%: 0.8894
Daily Fibonacci 61.8%: 0.8906
Daily Pivot Point S1: 0.887
Daily Pivot Point S2: 0.8848
Daily Pivot Point S3: 0.8821
Daily Pivot Point R1: 0.892
Daily Pivot Point R2: 0.8947
Daily Pivot Point R3: 0.8969