Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/GBP upside capped at 21-EMA, eyes 38.2% Fib at 0.8398

EUR/GBP chart - Trading View 

  • EUR/GBP is trading 0.53% lower on the day at 0.8523 at 1300 GMT, bias bearish.
     
  • Major trend in the pair is bearish. Recovery was rejected at 50-DMA and upside on the daily charts is capped at 21-EMA.
     
  • RSI and Stochs are biased lower and MACD supports weakness.
     
  • 'Death Cross' formation (bearish 50-DMA crossover on 200-DMA) on the daily charts adds to the bearish bias.
     
  • Scope for weakness till 0.8398 which is nearly converged 38.2% Fib and 200-W SMA. 
     
  • Break above 21-EMA will see upside till 50-DMA. Breakout at 50-DMA required for further upside.

Support levels - 0.85, 0.8417 (March lows till date), 0.8398 (nearly converged 38.2% Fib and 200-W SMA)

Resistance levels - 0.8595 (21-EMA), 0.8673 (50-DMA), 0.8722 (Mar 21 high)

Recommendation: Stay short on upticks, SL: 0.8595, TP: 0.85/ 0.8420

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

April 23 14:00 UTC Released

USNew Home Sales Chg MM

Actual

4.5 %

Forecast

-2.5 %

Previous

4.9 %

April 23 14:00 UTC Released

USUnits

Actual

0.692 %

Forecast

0.65 %

Previous

0.667 %

January 31 00:00 UTC 645020645020m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 645020645020m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 656840656840m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 645020645020m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 656840656840m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 645020645020m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 645020645020m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 645020645020m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

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