- EUR / GBP rose 0.7% last week, but failed to break the resistance of a bearish channel.
- A breakout would imply the end of the downtrend from the September 11 highs near 0.93.
EUR / GBP is currently trading slightly lower on the day, around the 0.8965 / 70 region.
The pair rose 0.70% in the five days to November 27, drawing a bullish outer candle on the weekly chart. However, the pair failed to overcome the resistance of the bearish channel represented by the trend lines connecting the highs of September 11 and October 20 and the lows of September 28 and November 11.
As such, the bias remains neutral. A close above the upper end of the channel is needed to confirm a bullish turn and target the decreasing high of 0.9069 created on November 9.
EUR / GBP daily chart
EUR / GBP technical levels
EUR/GBP
| Panorama | |
|---|---|
| Today’s Last Price | 0.8965 |
| Today’s Daily Change | -0.0029 |
| Today’s Daily Change% | -0.32 |
| Today’s Daily Opening | 0.8994 |
| Trends | |
|---|---|
| SMA of 20 Daily | 0.8958 |
| SMA of 50 Daily | 0.9035 |
| SMA of 100 Daily | 0.904 |
| 200 SMA Daily | 0.896 |
| Levels | |
|---|---|
| Daily Preview Maximum | 0.8995 |
| Daily Previous Minimum | 0.8915 |
| Weekly Preview Maximum | 0.8995 |
| Weekly Prior Minimum | 0.8867 |
| Monthly Previous Maximum | 0.9162 |
| Minimum Previous Monthly | 0.8984 |
| Daily Fibonacci 38.2% | 0.8964 |
| Fibonacci Daily 61.8% | 0.8946 |
| Daily Pivot Point S1 | 0.8942 |
| Daily Pivot Point S2 | 0.8889 |
| Daily Pivot Point S3 | 0.8862 |
| Daily Pivot Point R1 | 0.9021 |
| Daily Pivot Point R2 | 0.9048 |
| Daily Pivot Point R3 | 0.9101 |
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