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Euro - English Pound Analysis

EU Session Analysis for CFD Instruments 14/02/2020

Fundamental analysis

14 February, 2020

The EUR/GBP inched lower on Friday morning, trading at 0.8307, stabilising this morning somewhat after recent sharp losses which saw the Euro trade at yearly lows against a basket of other currencies as concerns about a sharp rise in the number of new cases in the coronavirus outbreak in China led investors to seek out U.S. assets. The GBP meanwhile jumped yesterday after UK Chancellor Javid resigned, leading investors to believe that Prime Minister Johnson may have some tax cuts in store, which the Chancellor may have opposed. Later in Germany, fresh GDP data for quarter four of 2019 will be released at 7:00 GMT. In the Eurozone, Q4 GDP data will be released at 10:00 GMT.

Technical analysis

Euro - English Pound Analysis Technical analysis 14/02/2020
Time Frame: 1 hour

EURGBP Support & Resistance Table - 14/02/2020

Support & Resistance Level Explanation
Resistance 2 0.8358 Daily R2
Resistance 1 0.8329 Daily R1
Support 1 0.8279 Daily S1
Support 2 0.8252 Daily S2

EURGBP Indicator Table - 14/02/2020

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

EURGBP Indicator / Period Table - 14/02/2020

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

EURGBP 14/02/2020 - Reference Price : 0.8304

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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14/02/20 - Friday / Analysis
Euro - Pound Chart
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