Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

EUR/GBP is trading near year low, decline till 0.7000 cannot be ruled out

  • RES 4: 0.7305 (61.8% retracement of 0.7379 and 0.71806)
  • RES 3: 0.7270 (200 day HMA)
  • RES 2: 0.7235 (Apr 14th High)
  • RES 1: 0.7206 (20 day HMA)

      PRICE: 0.7191 @12:10 GMT 

  • SUP 1: 0.7150 (61.8% retracement of 0.70130 and 0.7385)
  • SUP 2: 0.7082 (Mar 15th low)

  • SUP 3:0.7000

  • Sup 4: 0.6700

EUR/GBP has slightly recovered till 0.7225 after making a low of 0.7160. Short term trend is bearish as long as resistance 0.7250 holds.

It is good to sell around 0.7190 for the target of 0.7005 with stop around 0.7255.

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.