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Euro - English Pound Analysis

US Session Analysis for CFD Instruments 14/01/2020

Fundamental analysis

14 January, 2020

EUR/GBP slipped in Europe to a session low of 0.8550 after it earlier today the pair jumped to its highest rate in almost two months (0.85943). The UK pound managed to recover a bit in Europe on Tuesday, but Sterling is still seen under pressure due to expectations that the Bank of England could cut its benchmark interest rate at the meeting in late January of 2020. The markets increased their expectations for an interest rate cut after data in the UK showed yesterday that the UK economy grew at the slowest pace since 2012.

Technical analysis

Euro - English Pound Analysis Technical analysis 14/01/2020
Time Frame: 1 hour

EURGBP Support & Resistance Table - 14/01/2020

Support & Resistance Level Explanation
Resistance 2 0.8610 Daily R2
Resistance 1 0.8588 Daily R1
Support 1 0.8544 Daily S1
Support 2 0.8522 Daily S2

EURGBP Indicator Table - 14/01/2020

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

EURGBP Indicator / Period Table - 14/01/2020

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

EURGBP 14/01/2020 - Reference Price : 0.8570

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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14/01/20 - Tuesday / Analysis
Euro - Pound Chart
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