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EURGBP TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 0.8875 High Apr 25 and key short-term resistance
  • RES 3: 0.8835 High May 3
  • RES 2: 0.8758 50-day EMA
  • RES 1: 0.8719 20-day EMA
  • PRICE: 0.8681 @ 16:37 BST May 26
  • SUP 1: 0.8649 76.4% retracement of the Dec 1 - Feb 3 bull run
  • SUP 2: 0.8593 Low Dec 15 2022
  • SUP 3: 0.8562 Low Dec 13 2022
  • SUP 4: 0.8547 Low Dec 1 2022 and key support

The EURGBP short-term trend needle continues to point south and the recent consolidation appears to be a bear flag. A clear break of 0.8661, the May 11 low, would confirm a resumption of the trend. Attention is on 0.8649, a Fibonacci retracement and Wednesday’s low, a breach would open 0.8593, the Dec 15 2022 low. Initial firm resistance is at 0.8719 the 20-day EMA. The 50-day EMA intersects at 0.8758 where a break would signal a reversal.

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  • RES 4: 0.8875 High Apr 25 and key short-term resistance
  • RES 3: 0.8835 High May 3
  • RES 2: 0.8758 50-day EMA
  • RES 1: 0.8719 20-day EMA
  • PRICE: 0.8681 @ 16:37 BST May 26
  • SUP 1: 0.8649 76.4% retracement of the Dec 1 - Feb 3 bull run
  • SUP 2: 0.8593 Low Dec 15 2022
  • SUP 3: 0.8562 Low Dec 13 2022
  • SUP 4: 0.8547 Low Dec 1 2022 and key support

The EURGBP short-term trend needle continues to point south and the recent consolidation appears to be a bear flag. A clear break of 0.8661, the May 11 low, would confirm a resumption of the trend. Attention is on 0.8649, a Fibonacci retracement and Wednesday’s low, a breach would open 0.8593, the Dec 15 2022 low. Initial firm resistance is at 0.8719 the 20-day EMA. The 50-day EMA intersects at 0.8758 where a break would signal a reversal.