Euro - English Pound Analysis

US Session Analysis for CFD Instruments 11/01/2019

Fundamental analysis

11 January, 2019

EUR/GBP fell 0.20% on Friday, trading at one point at 0.89772. after London's Evening Standard newspaper reported that Prime Minister Theresa May's cabinet ministers see the U.K.'s exit from the European Union as increasingly likely to be delayed beyond the planned Brexit date of March 29. In UK, Britain’s economy grew at its weakest pace in half a year in the three months to November as factories suffered from tough global trade conditions and the approach of Brexit, official data showed on Friday. Gross domestic product was 0.3 percent higher than in the previous three-month period, down from growth of 0.4 percent in the three months to October and matching the consensus of a Reuters poll of economists. Looking at November alone, industrial output dropped 1.5 percent on the year, the biggest fall since August 2013. The single currency, on the other hand, has been pressured by a slew of weaker-than-expected economic data, especially from France and Germany. The European Central Bank is widely expected to remain accommodative in 2019, which traders say should prevent the currency from breaking much higher.

Technical analysis

Euro - English Pound Analysis Technical analysis 11/01/2019
Time Frame: 1 hour

EURGBP Support & Resistance Table - 11/01/2019

Support & Resistance Level Explanation
Resistance 2 0.9040 Daily R2
Resistance 1 0.9018 Daily R1
Support 1 0.8978 Daily S1
Support 2 0.8957 Daily S2

EURGBP Indicator Table - 11/01/2019

Indicator Signal
SMA 20 Sell
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Neutral
RSI (14) Buy
Stochastic ( 9;6;3) Buy

EURGBP Indicator / Period Table - 11/01/2019

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Neutral BuyBuy
RSI (14) Buy BuyBuy
SMA 20 Sell BuyBuy

EURGBP 11/01/2019 - Reference Price : 0.8997

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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