Euro - English Pound Analysis

US Session Analysis for CFD Instruments 15/04/2019

Fundamental analysis

15 April, 2019

EUR/GBP fell on Monday to test a session low of 0.86217. The UK pound rose at the beginning of the week as vast majority of the market participants hoped that no- deal Brexit will be avoided. The European Union last week delayed Brexit until the end of October, averting, for now at least, the risk of an abrupt British departure from the bloc which investors fear would hurt the economy. In Europe, European Union countries gave final clearance on Monday to start formal trade talks with the United States after months of delay due to French resistance. In the end, the EU governments voted by a clear majority to approve the negotiating mandates proposed by the European Commission, with France voting against and Belgium abstaining.

Technical analysis

Euro - English Pound Analysis Technical analysis 15/04/2019
Time Frame: 1 hour

EURGBP Support & Resistance Table - 15/04/2019

Support & Resistance Level Explanation
Resistance 2 0.8673 Daily R2
Resistance 1 0.8649 Daily R1
Support 1 0.8599 Daily S1
Support 2 0.8576 Daily S2

EURGBP Indicator Table - 15/04/2019

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

EURGBP Indicator / Period Table - 15/04/2019

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

EURGBP 15/04/2019 - Reference Price : 0.8626

Buy
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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