0.857
Today
+0.01%
5 Days
+0.03%
1 Month
+0.10%
6 Months
-1.11%
Year to Date
-1.61%
1 Year
-1.56%
Opening Price
0.857Previous Closing Price
0.857
Rebound above 0.8567 towards 0.8594
below 0.8567, expect 0.8558 and 0.8552.
Rebound above 0.8567 towards 0.8594
The Euro (EUR) trades practically flat, just above 0.8570 against the British Pound (GBP) on Monday, holding losses after Friday’s reversal from the 0.8600 area.
EUR/GBP trades little changed on Friday as stronger-than-expected UK Retail Sales data lends some support to the British Pound (GBP) after it came under pressure following the Bank of England’s (BoE) monetary policy announcement on Thursday.
EUR/GBP inches lower after three days of gains, trading around 0.8590 during the Asian hours on Friday. The currency cross is facing downward pressure as the British Pound (GBP) gains momentum following stronger-than-expected United Kingdom (UK) Retail Sales data.
EUR/GBP is trading higher on Thursday, climbing toward the 0.8600 barrier and touching its highest in several days. The Pound has slipped across the board after the Bank of England (BoE) held interest rates and struck a more cautious tone than much of the market had priced in.
FX strategist Howard Du at TD Securities reiterates a bullish EUR/GBP stance after the Bank of England’s (BoE) cautious hold.
The Euro (EUR) rallies on Thursday as the British Pound (GBP) dives across the board as the Bank of England (BoE) left interest rates unchanged, with most of the other major central banks tightening their monetary policies.
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.
