Euro - English Pound Analysis

EU Session Analysis for CFD Instruments 12/06/2019

Fundamental analysis

12 June, 2019

EUR/USD managed to recover on Wednesday to break above 0.8900 again and all that after it fell yesterday to hit a fresh session low of 0.88899. The UK pound found initial support with positive employment market data on Tuesday and comments by some BoE officials that interest rate hikes in the UK might be needed. Brexit anxiety, however, kept GBP’s upside potential limited as the race for new Conservative Party leader has started this week with hard- line Brexiteer Boris Johnson as a front- runner. Later in Europe, ECB President Mario Draghi will speak at 9:15 GMT+1.

Technical analysis

Euro - English Pound Analysis Technical analysis 12/06/2019
Time Frame: 1 hour

EURGBP Support & Resistance Table - 12/06/2019

Support & Resistance Level Explanation
Resistance 2 0.8961 Daily R2
Resistance 1 0.8933 Daily R1
Support 1 0.8883 Daily S1
Support 2 0.8858 Daily S2

EURGBP Indicator Table - 12/06/2019

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

EURGBP Indicator / Period Table - 12/06/2019

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

EURGBP 12/06/2019 - Reference Price : 0.8908

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