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29 Aug 2018
EUR/GBP Technical Analysis: Bull party is over as EUR/GBP falls to 0.9000 figure
- EUR/GBP bears broke below the bull trend channel and are currently testing the 0.9000 figure.
- Since the bull momentum has been so strong in the last weeks bulls might try to resume the bull trend another time.
- The sell-off was strong and their attempt is likely to fail near 0.9050 resistance.
EUR/GBP 15-minute chart
Spot rate: 0.9000
Relative change: -0.96%
High: 0.9093
Low: 0.8987
Main Trend: Bullish
Resistance 1: 0.9032 former 2018 high
Resistance 2: 0.9048 current 2018 high
Resistance 3: 0.9056 August 13, 2017 low
Resistance 4: 0.9100 figure
Resistance 5: 0.9121 September 10, 2017 high
Resistance 6: 0.9171 September 8, 2017 open
Support 1: 0.9000 figure
Support 2: 0.8965 supply/demand level
Support 3: 0.8940 August 14 high
Support 4: 0.8900 July 9 high
Support 5: 0.8868, 13 July high
Support 6: 0.8840 supply level