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Free AccessBearish Theme
- RES 4: 0.8498 High Dec 23
- RES 3: 0.8432 50-day EMA
- RES 2: 0.8383/8419 20-day EMA / High Jan 3
- RES 1: 0.8379 High Jan 18
- PRICE: 0.8326 @ 06:14 GMT Jan 19
- SUP 1: 0.8324 Low Jan 11 and intraday low
- SUP 3: 0.8300 Base of the multi-year broad range
- SUP 4: 0.8282/77 Low Feb’20 / Dec’19 and key bear trigger
- SUP 4: 0.8242 50% Fibonacci Retracement 2015-2020 Upleg
EURGBP failed to hold onto yesterday’s high and traded lower into the close. This keeps the outlook bearish and attention is on the major support and bear triggers at 0.8282/77, marking the Feb’20 and Dec’19 lows. The focus is also on the base of a broad multi-year range at 0.8300. This level represents a key pivot chart point and if cleared, would highlight an important range breakout. Initial firm resistance is at 0.8379, Tuesday’s high.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.