- Euro extends the rises against the pound and exceeds 0.8500.
- EUR / GBP on track to have the best week since April.
The EUR / GBP broke above 0.8500 and extended the bullish run to 0.8517, the highest level in a week. It then pulled back and is trading at the 0.8510 zone, on its way to close the week with significant gains.
The euro is about to have the best week since April against the pound, after hitting 0.8448 on Thursday, the lowest since February 2020. The strong rebound was due to technical factors and also due to some stability of the euro, while the pound weakened .
On Friday the UK currency is one of the weakest among the G10, without a factor behind; in another day of reduced volatility. The EUR / GBP advance can be pointed to as one of the reasons for the weakness.
The EUR / GBP rebound has eased downward pressures. The trend still favors the pound, although if it holds above 0.8500, the euro will have strong support. The next relevant resistance is seen around 0.8530, which is a horizontal level and where the 20-day moving average is also passing.
Technical levels
EUR/GBP
Panorama
Today’s Last Price0.8511
Today’s Daily Change0.0017
Today’s Daily Change% 0.20
Today’s Daily Open0.8494
Trends
SMA of 20 Daily0.8533
SMA of 50 Daily0.8558
SMA of 100 Daily0.8592
SMA of 200 Daily0.8725
Levels
Daily Prior High0.8504
Daily Previous Low0.8456
Weekly Prior High0.8558
Weekly Prior Minimum0.847
Previous Monthly High0.867
Monthly Previous Low0.85
Daily Fibonacci 38.2% 0.8486
Daily Fibonacci 61.8% 0.8474
Daily Pivot Point S10.8465
Daily Pivot Point S20.8436
Daily Pivot Point S30.8416
Daily Pivot Point R10.8514
Daily Pivot Point R20.8533
Daily Pivot Point R30.8562
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