23 Dec 2013
EUR/GBP declines from overnight high
FXstreet.com (Barcelona) - Having posted an overnight high at 0.8377, EUR/GBP has declined to post a low at 0.8354 where the hourly 50 SMA can be found.
How strong is EUR/GBP today?
The OB/OS Index is neutral, with RSI at 53 and ADX at 25. On the hourly chart, the 200 SMA is at 0.8403 nd flat with the 20D EMA at 0.8380 and trending lower. Volatility bandwidth is at 30 pips and seen to be shrinking on the hourly chart, with ATR (14) at 6 pips.
What are today’s key EUR/GBP levels and patterns?
The central pivot point for the pair is at 0.8358, with support below at 0.8342 (S1), 0.8311 (S2) and 0.8295 (S3) and resistance at 0.8389 (R1), 0.8405 (R2) and 0.8436 (R3). The range between 0.8360-94 should provide technical resistance, with several technical levels clustered in the region. A Doji Candlestick pattern can be seen on an hourly chart, while a Piercing Line is visible on a daily chart.
How strong is EUR/GBP today?
The OB/OS Index is neutral, with RSI at 53 and ADX at 25. On the hourly chart, the 200 SMA is at 0.8403 nd flat with the 20D EMA at 0.8380 and trending lower. Volatility bandwidth is at 30 pips and seen to be shrinking on the hourly chart, with ATR (14) at 6 pips.
What are today’s key EUR/GBP levels and patterns?
The central pivot point for the pair is at 0.8358, with support below at 0.8342 (S1), 0.8311 (S2) and 0.8295 (S3) and resistance at 0.8389 (R1), 0.8405 (R2) and 0.8436 (R3). The range between 0.8360-94 should provide technical resistance, with several technical levels clustered in the region. A Doji Candlestick pattern can be seen on an hourly chart, while a Piercing Line is visible on a daily chart.