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31 Oct 2013
EUR/GBP pushing fresh daily lows
FXstreet.com (Barcelona) - EUR/GBP made a 0.8568 daily high at the Tokyo open, before sliding overnight and into the present session where it has posted a low at 0.8530 where it is currently trading.
EUR/GBP Technical Strength
The OB/OS Index is pointing to an neutral market in the hourlies while the FXstreet.com Trend Index is strongly bearish. RSI reads 27 at the moment having fallen sharply recently, and the ADX is at 31.6658. On the hourly EUR/GBP chart, the 200-period SMA is right now at 0.8523 and sloping higher while the exponential average closing price for the last 20 days is 0.8496 and is ranging.
How volatile has the EUR/GBP been?
Bollinger Band width is 39 pips and observed as being expanding in the hourly chart, while the ATR(14) prints 8 pips. The average movement
for this session has been of 6 pips per hour in the last 4 weeks.
What are today’s key levels?
The central pivot point is located at 0.8566 and pivot support for this pair are to be found at 0.8555 (S1), 0.8545 (S2) and 0.8534 (S3). Looking to the upside, daily pivot resistances for this pair are to be found at 0.8576 (R1), 0.8587 (R2) and 0.8597 (R3). Special attention deserves the price range 0.8543-0.8577 where several technical levels are confluent today.
EUR/GBP Technical Strength
The OB/OS Index is pointing to an neutral market in the hourlies while the FXstreet.com Trend Index is strongly bearish. RSI reads 27 at the moment having fallen sharply recently, and the ADX is at 31.6658. On the hourly EUR/GBP chart, the 200-period SMA is right now at 0.8523 and sloping higher while the exponential average closing price for the last 20 days is 0.8496 and is ranging.
How volatile has the EUR/GBP been?
Bollinger Band width is 39 pips and observed as being expanding in the hourly chart, while the ATR(14) prints 8 pips. The average movement
for this session has been of 6 pips per hour in the last 4 weeks.
What are today’s key levels?
The central pivot point is located at 0.8566 and pivot support for this pair are to be found at 0.8555 (S1), 0.8545 (S2) and 0.8534 (S3). Looking to the upside, daily pivot resistances for this pair are to be found at 0.8576 (R1), 0.8587 (R2) and 0.8597 (R3). Special attention deserves the price range 0.8543-0.8577 where several technical levels are confluent today.