Euro - English Pound Analysis

US Session Analysis for CFD Instruments 15/05/2019

Fundamental analysis

15 May, 2019

EUR/GBP turned lower during the European trading session, testing a session low of 0.86697. The euro remained under pressure after the Italy’s deputy prime minister said Rome was ready to break EU fiscal rules. Italy’s deputy Prime Minister Matteo Salvini’s comments from Tuesday have raised concerns about the country’s high spending, taking a hit on Italian banks. The pair’s downside potential still seems limited as the UK pound itself looked periled due to Brexit anxieties. In the UK, Theresa will give MPs another chance to vote on Brexit in early June, whether or not the government and Labour have reached a deal by then. If Mrs May's plan is defeated, Number 10 said the UK is set for no deal or for Article 50 to be revoked. Labour sources say they will not back the bill without a cross-party deal.

Technical analysis

Euro - English Pound Analysis Technical analysis 15/05/2019
Time Frame: 1 hour

EURGBP Support & Resistance Table - 15/05/2019

Support & Resistance Level Explanation
Resistance 2 0.8723 Daily R2
Resistance 1 0.8697 Daily R1
Support 1 0.8649 Daily S1
Support 2 0.8626 Daily S2

EURGBP Indicator Table - 15/05/2019

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

EURGBP Indicator / Period Table - 15/05/2019

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

EURGBP 15/05/2019 - Reference Price : 0.8674

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