Back

EUR/GBP Technical Analysis: Bulls keep the uptrend going now looking at 0.9100 figure

  • EUR/GBP bulls are resuming the bull trend by lifting the cross nearly a 100-pips in the last two days. 
  • The 50-period simple moving average (SMA) broke above the 100 and 200 SMA suggesting bullish momentum. The market also reclaimed the 0.9000 psychological level. Bulls will set their eyes on 0.9056 and 0.9100 figure targets.
  • A bear breakout below 0.8940 would invalidate the bull bias. 

EUR/GBP 15-minute chart

Spot rate:                0.9020
Relative change:     0.76%     
High:                       0.9035
Low:                        0.8967

Main Trend:            Bullish

Resistance 1:         0.9000 figure
Resistance 2:         0.9032 former 2018 high
Resistance 3:         0.9048 current 2018 high
Resistance 4:         0.9056 August 13, 2017 low
Resistance 5:         0.9100 figure
Resistance 6:         0.9121 September 10, 2017 high
Resistance 7:         0.9171 September 8, 2017 open


Support 1:              0.8965 supply/demand level
Support 2:              0.8940 August 14 high
Support 3:              0.8900 July 9 high
Support 4:              0.8868, 13 July high
Support 5:              0.8840 supply level

Expecting the Fed to hike rates a further four times over the next 12 months - ABN

Bill Diviney, senior economist at ABN AMRO, whos base case for the Fed outlook is for a further four rate hikes from the Fed, taking the fed funds rat
مزید پڑھیں Previous

Global Daily – Italy risks continue to build: Italy budget deadline 27th September - ABN

Aline Schuiling, Sr. Economist at ABN AMRO explained that Italy’s budget talks take place while the economic climate is cooling. Key Quotes: "Today
مزید پڑھیں Next