Euro - English Pound Analysis

Evening Analysis for CFD Instruments 14/03/2019

Fundamental analysis

14 March, 2019

The Euro bounced back against the pound today after the pair crashed to a 16-month low yesterday following the UK parliamentary vote yesterday rejecting a no deal Brexit. The substantial move in the pound had a secondary effect on the common currency as well. In the Eurozone concerns about the German economy are present, but are not new. The German economy ministry today said that 2019 saw a slow start due to external factors, but that the continent's powerhouse continued enjoying growth. The respected IFO Think-Tank slashed its 2019 GDP growth forecast to 0.6% from 1.1% beforehand, but see a rebound with 1.8% in 2020. Later today, GBP is expected to remain in centre stage, as the House of Commons will vote on an extension of Article 50. The broad consensus sees the motion to pass by ample margin, which should allow negotiators to buy extra time to eventually clinch a deal.

Technical analysis

Euro - English Pound Analysis Technical analysis 14/03/2019
Time Frame: 1 hour

EURGBP Support & Resistance Table - 14/03/2019

Support & Resistance Level Explanation
Resistance 2 0.8561 Daily R2
Resistance 1 0.8535 Daily R1
Support 1 0.8486 Daily S1
Support 2 0.8466 Daily S2

EURGBP Indicator Table - 14/03/2019

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

EURGBP Indicator / Period Table - 14/03/2019

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellBuy
RSI (14) Sell SellSell
SMA 20 Sell SellSell

EURGBP 14/03/2019 - Reference Price : 0.8510

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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Euro - Pound Chart
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