Indicators
Indicators
Value
Direction
MACD(12,26,9)
0.000
Buy
RSI(14)
50.974
Neutral
STOCH(KDJ)(9,3,3)
54.511
Neutral
ATR(14)
0.002
High Vlolatility
CCI(14)
59.169
Neutral
Williams %R
44.751
Buy
TRIX(12,20)
0.006
Sell
StochRSI(14)
36.480
Sell
Search
EUR/GBP
Add to Watchlist
0.856
-0.001-0.13%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D
Today
-0.14%
5 Days
-0.07%
1 Month
+0.09%
6 Months
-2.22%
Year to Date
-1.77%
1 Year
-0.71%
Key Data Points
Opening Price
0.857Previous Closing Price
0.857Recent
Analysis
EUR/GBP Price Forecast: Trading sideways around 0.8500 amid fading bullish traction
The Euro (EUR) nurses moderate losses against the British Pound (GBP), with price action contained within the previous day's range and market volatility muted, as investors brace for Federal Reserve Chairman Kevin Warsh’s speech at Jackson Hole.
Fxstreet7 hours ago
Euro struggles for direction against British Pound despite upbeat German data
EUR/GBP trades around 0.8575 on Thursday at the time of writing, virtually unchanged on the day with a modest gain of 0.05%.
FxstreetThu, Aug 27
British Pound: Remains under pressure below resistance against Euro – Societe Generale
Societe Generale’s Kenneth Broux and colleagues note that EUR/GBP has rebounded sharply after forming an interim low near 0.8450 in July, but the recovery has stalled around 0.8585.
FxstreetThu, Aug 27
Euro edges down against British Pound despite upbeat German Consumer Confidence data
The Euro (EUR) is trading higher for the third consecutive day against the British Pound (GBP) on Thursday, but the pair keeps ticking down from session highs at the European opening time, despite the bright German GfK Consumer Sentiment data released earlier on the day.
FxstreetThu, Aug 27
Euro firms against British Pound on hopes of a Hormuz deal
EUR/GBP is trading around 0.8570 on Wednesday, on the front foot as hopes of a de-escalation in the Gulf hand the Euro (EUR) a modest lift.
FxstreetWed, Aug 26
Euro holds upper hand against British Pound on diverging ECB-BoE expectations
EUR/GBP edges higher on Wednesday, though price action remains confined to the narrow range that has been in place since late July, largely between 0.8540 and 0.8580.
FxstreetWed, Aug 26
Indicators
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
Neutral
Moving Average
Indicators
Value
Direction
MA5
0.856
Sell
MA10
0.856
Sell
MA20
0.856
Buy
MA50
0.856
Buy
MA100
0.861
Sell
MA200
0.865
Sell
EUR/GBP Trading Strategy
Intraday
Medium Term
Short Term
Trading Strategy
The configuration is mixed.
Alternative scenario
below 0.8562, expect 0.8553 and 0.8548.
Comment
Rebound towards 0.8588
4 hours ago
Source: Trading Central(Reference Only)
More Details of EUR/GBP
The EURGBP, or Euro against the British Pound, is a popular currency pair in the forex market that represents the value of the Euro (EUR) in terms of the British Pound (GBP). It is one of the major currency pairs and is known for its high liquidity and volatility, making it a favorite among traders for its trading opportunities. The relationship between the Eurozone and the United Kingdom, especially post-Brexit, continues to be a significant factor affecting the EURGBP exchange rate.
What is the best time to trade the EURGBP pair?
The EUR/GBP pair can be traded anytime during the forex market's operating hours, but certain periods may offer better conditions. The optimal time is typically when the London and Frankfurt sessions overlap, providing the highest liquidity and volatility. This usually occurs from 8:00 AM to 4:00 PM GMT. However, it's crucial for traders to consider their own strategies and risk tolerance when deciding the best times to trade.
How does the leverage affect trading EURGBP?
Leverage allows traders to control a larger position size than their account balance would normally permit. While leverage can amplify profits, it also increases the risk of losses. When trading EURGBP, it’s important to understand the leverage offered by your broker and to use it responsibly to avoid excessive risk.
Is the EURGBP pair suitable for day trading?
Yes, the EURGBP pair is suitable for day trading due to its liquidity and volatility, which can provide multiple trading opportunities within a single trading day.
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