Euro - English Pound Analysis

EU Session Analysis for CFD Instruments 11/01/2019

Fundamental analysis

11 January, 2019

EUR/GBP remained on the upside on Friday trading at 0.9030 this morning. In UK, Labour leader Jeremy Corbyn has stepped up calls for a general election at the earliest opportunity to break the deadlock over Brexit. In a speech, he said a new government would have a fresh mandate to negotiate a better withdrawal deal with the EU. Mr Corbyn has resisted growing calls from within his own party to get behind another EU referendum, insisting an election is still his top priority if Theresa May's Brexit deal is rejected by MPs next week. The euro’s upside potential, on the other hand, has been pressured by a slew of weaker-than-expected economic data, especially from France and Germany. The European Central Bank is widely expected to remain accommodative in 2019, which should keep a lid on the single currency. Later this morning, UK Manufacturing and Industrial Production for November will be released.

Technical analysis

Euro - English Pound Analysis Technical analysis 11/01/2019
Time Frame: 1 hour

EURGBP Support & Resistance Table - 11/01/2019

Support & Resistance Level Explanation
Resistance 2 0.9074 Daily R2
Resistance 1 0.9054 Daily R1
Support 1 0.9004 Daily S1
Support 2 0.8984 Daily S2

EURGBP Indicator Table - 11/01/2019

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

EURGBP Indicator / Period Table - 11/01/2019

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

EURGBP 11/01/2019 - Reference Price : 0.9029

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