EURGBP Analysis | FX | Currency Trading Online | PhillipCapital UK Research
09 October

EURGBP Analysis | FX | Currency Trading Online | PhillipCapital UK Research

Technical Chart pick of the day: EURGBP – Bullish

 

· On a technical perspective, the trend is bullish, with prices above the 20, 40, 100 and 200 EMA.

· Prices failed to break below the 20 EMA and rebounded. This indicates that buying strength is present.

· Based on the pivot point analysis, prices are above the pivot level. This signifies bullishness.

 

Resistance: R1: 0.90028, R2: 0.90415, R3: 0.91225

Support:      S1: 0.89218, S2: 0.88795, S3: 0.87958

 

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