EUR/GBP Technical Analysis: Drops to fresh monthly lows, closer to support extending from April 2018
• The cross extended Friday's rejection slide from 100-hour EMA and dropped to fresh monthly lows in the last hour, closer to the 0.8620-15 horizontal support tested in late-Jan.
• Technical indicators on hourly charts are already pointing to slightly oversold conditions and might help limit the ongoing decline near the key support, extending from April 2018.
EUR/GBP 1-hourly chart
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• On a sustained break below the mentioned support would mark a fresh bearish breakdown and turn the cross vulnerable to break below the 0.8600 handle - levels not seen since May 2017.
Daily chart
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EUR/GBP
Overview:
Today Last Price: 0.8634
Today Daily change %: -0.44%
Today Daily Open: 0.8672
Trends:
Daily SMA20: 0.8748
Daily SMA50: 0.8848
Daily SMA100: 0.8849
Daily SMA200: 0.8863
Levels:
Previous Daily High: 0.8702
Previous Daily Low: 0.8662
Previous Weekly High: 0.8768
Previous Weekly Low: 0.8665
Previous Monthly High: 0.9119
Previous Monthly Low: 0.8617
Daily Fibonacci 38.2%: 0.8677
Daily Fibonacci 61.8%: 0.8686
Daily Pivot Point S1: 0.8655
Daily Pivot Point S2: 0.8639
Daily Pivot Point S3: 0.8616
Daily Pivot Point R1: 0.8695
Daily Pivot Point R2: 0.8718
Daily Pivot Point R3: 0.8734