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Euro - English Pound Analysis

US Session Analysis for CFD Instruments 08/11/2019

Fundamental analysis

08 November, 2019

EUR/USD continued to retreat down toward its psychological rate of 0.86000 on Friday, testing a session low of 0.86094. The pair retreated from its multi week high of 0.86563, as investors remained doubtful that Germany could avoid economic recession in the third quarter of 2019. The UK pound, on the other hand, remained vulnerable to current election polls ahead of December general elections, as some of the polls suggested that the margin between the Conservative party and the Labour party has recently narrowed down. Earlier today, data in Germany showed the Trade Balance surplus rose 19.2 billion euro in September, beating analysts’ expectations for a surplus of 18.1 billion euro.

Technical analysis

Euro - English Pound Analysis Technical analysis 08/11/2019
Time Frame: 1 hour

EURGBP Support & Resistance Table - 08/11/2019

Support & Resistance Level Explanation
Resistance 2 0.8658 Daily R2
Resistance 1 0.8637 Daily R1
Support 1 0.8591 Daily S1
Support 2 0.8570 Daily S2

EURGBP Indicator Table - 08/11/2019

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

EURGBP Indicator / Period Table - 08/11/2019

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

EURGBP 08/11/2019 - Reference Price : 0.8614

Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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08/11/19 - Friday / Analysis
Euro - Pound Chart
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