Euro - English Pound Analysis

Morning Analysis for CFD Instruments 08/11/2018

Fundamental analysis

08 November, 2018

EUR/GBP continued to fall, testing overnight its lowest rate since May 30, 2018 (0.87001). The British pound remained strong as investors continued to bet on an orderly Brexit and all that after latest developments and comments that a deal is close. The euro currency, on the other hand, seems to remain under pressure due to standoff between the EU and Rome over Italy’s budget deficit and concerns over Europe’s slowing economic growth have handicapped the euro, which has lost 4 percent versus the dollar over the last six months. Later today, EU’s Economic Bulletin and Economic Forecast will be released.

Technical analysis

Euro - English Pound Analysis Technical analysis 08/11/2018
Time Frame: 1 hour

EURGBP Support & Resistance Table - 08/11/2018

Support & Resistance Level Explanation
Resistance 2 0.8745 Daily R2
Resistance 1 0.8725 Daily R1
Support 1 0.8684 Daily S1
Support 2 0.8659 Daily S2

EURGBP Indicator Table - 08/11/2018

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

EURGBP Indicator / Period Table - 08/11/2018

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

EURGBP 08/11/2018 - Reference Price : 0.8707

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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