EUR/GBP Technical Analysis: EUR/GBP approaching the 2018 high

  • EUR/GBP is extending the weekly gains by breaking above 0.8937 and finding resistance just below 0.8967 March 7 high. EUR/GBP has reached its average daily range suggesting that any further advance might be limited this Tuesday.
  • EUR/GBP is now very close to challenge the 2018 high at 0.8967. A breakout above the level can lead to an extension of the uptrend towards 0.9013 November 12, 2017 high. 
  • The 0.8937 level, becomes now the near-term support. 


EUR/GBP 15-minute chart

Spot rate:                0.8953

Relative change:     0.31%     
High:                       0.8964
Low:                        0.8922

Trend:                     Bullish

Resistance 1:         0.8957 July 20 high
Resistance 2:         0.8967 March 7 high (2018 high)
Resistance 3:         0.9013 November 12, 2017 high

Support 1:              0.8937 July 31 high
Support 2:              0.8920 supply level
Support 3:              0.8900 July 9 high
Support 4:              0.8868, 13 July high
Support 5:              0.8840 supply level
Support 6:              0.8820-0.8840 area, 200-day SMA 
Support 7:              0.8800 figure
Support 8:              0.8780 daily 50-period SMA
Support 9:              0.8764 June 8 low 

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