Euro - English Pound Analysis

US Session Analysis for CFD Instruments 11/07/2019

Fundamental analysis

11 July, 2019

EUR/GBP fell sharply from its multi- month highs, to test a session low of 0.89678 after Carney’s upbeat comments on UK’s Financial System. Bank of England Mark Carney said earlier today that the UK financial system is ready for Brexit, whatever form it takes. Earlier data, inflation data in Germany came in as expected for June (1.60% vs 1.60% exp.)

Technical analysis

Euro - English Pound Analysis Technical analysis 11/07/2019
Time Frame: 1 hour

EURGBP Support & Resistance Table - 11/07/2019

Support & Resistance Level Explanation
Resistance 2 0.9023 Daily R2
Resistance 1 0.8997 Daily R1
Support 1 0.8946 Daily S1
Support 2 0.8921 Daily S2

EURGBP Indicator Table - 11/07/2019

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

EURGBP Indicator / Period Table - 11/07/2019

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

EURGBP 11/07/2019 - Reference Price : 0.8972

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (1)
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