- Libra under pressure due to the no trade agreement between the United Kingdom and the European Union.
- EUR / GBP rises on the week but does not cut downward bias.
The EUR / GBP accelerated the bullish run on Friday driven by a decline in the pound and the stability of the euro. The price is at 0.8950, the highest level in a week.
The price broke 0.8930 and jumped reaching levels above 0.8950, the highest in a week. It is testing a short-term bearish line, and if it broke and held above it, it would point to more gains. In a broader perspective, the downtrend remains strong as long as it remains below 0.9050 / 60.
The EUR / GBP rise comes as cross statements continue between UK and European Union officials. Today they will meet in London to continue negotiations. Fishing is still among the main differences.
The latest statements are those of the UK negotiator, David Frost who stated that an agreement is still possible, even if it is late. He added that for an agreement to be possible, it must fully respect the sovereignty of the United Kingdom.
Technical levels
EUR/GBP
Overview
Today last price0.8945
Today Daily Change0.0026
Today Daily Change %0.29
Today daily open0.8919
Trends
Daily SMA200.8958
Daily SMA500.9038
Daily SMA1000.9039
Daily SMA2000.8957
Levels
Previous Daily High0.8934
Previous Daily Low0.8899
Previous Weekly High0.8995
Previous Weekly Low0.8915
Previous Monthly High0.9162
Previous Monthly Low0.8984
Daily Fibonacci 38.2%0.8921
Daily Fibonacci 61.8%0.8912
Daily Pivot Point S10.89
Daily Pivot Point S20.8882
Daily Pivot Point S30.8865
Daily Pivot Point R10.8936
Daily Pivot Point R20.8953
Daily Pivot Point R30.8971
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