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Euro - English Pound Analysis

US Session Analysis for CFD Instruments 09/10/2019

Fundamental analysis

09 October, 2019

EUR/GBP briefly dropped to the rate of 0.89367 on reports that the EU is ready to make some Brexit concessions. The pair, however, quickly recovered back to 0.89933 after the Northern Ireland DUP said that what EU proposes in terms of Brexit concessions is unacceptable to them. Brexit uncertainties will obviously continue to keep the UK pound volatile, as it is still not clear whether the UK will exit the EU on October 31.

Technical analysis

Euro - English Pound Analysis Technical analysis 09/10/2019
Time Frame: 1 hour

EURGBP Support & Resistance Table - 09/10/2019

Support & Resistance Level Explanation
Resistance 2 0.9038 Daily R2
Resistance 1 0.9008 Daily R1
Support 1 0.8953 Daily S1
Support 2 0.8925 Daily S2

EURGBP Indicator Table - 09/10/2019

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

EURGBP Indicator / Period Table - 09/10/2019

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Buy NeutralBuy
SMA 20 Buy BuyBuy

EURGBP 09/10/2019 - Reference Price : 0.8983

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