Indicators
Indicators
Value
Direction
MACD(12,26,9)
0.001
Buy
RSI(14)
60.610
Neutral
STOCH(KDJ)(9,3,3)
81.400
Buy
ATR(14)
0.002
High Vlolatility
CCI(14)
168.141
Buy
Williams %R
4.429
Overbought
TRIX(12,20)
0.009
Sell
StochRSI(14)
100.000
Overbought
Search
EUR/GBP
Add to Watchlist
0.859
+0.001+0.17%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D
Today
+0.17%
5 Days
+0.46%
1 Month
+0.50%
6 Months
-1.87%
Year to Date
-1.42%
1 Year
-0.62%
Key Data Points
Opening Price
0.857Previous Closing Price
0.858Recent
Analysis
Euro outperforms Pound Sterling as ECB prepares for another rate hike
EUR/GBP edges higher on Wednesday, extending its advance for the third consecutive day. At the time of writing, the cross trades around 0.8585, close to the upper boundary of the narrow consolidation range that has been in place since late July.
Fxstreet8 hours ago
EUR/GBP Price Forecast: Euro pulls back from the top of a triangle pattern
The Euro (EUR) posts moderate losses against the British Pound (GBP) on Wednesday, as the previous two days' recovery has been capped again at a key resistance area between 0.8580 and 0.8585, which holds the top of an ascending triangle pattern.
Fxstreet13 hours ago
Euro extends losses against British Pound as Eurozone inflation fails to impress
The Euro (EUR) heads south against the British Pound (GBP) on Tuesday, weighed by somewhat softer inflationary pressures on the Eurozone and downbeat German Retail Sales figures.
FxstreetTue, Sep 1
Euro edges lower against British Pound as Germany’s Retail Sales fall more than expected in July
The EUR/GBP cross loses traction to near 0.8570 during the early European trading hours on Tuesday. The Euro (EUR) edges slightly lower following German Retail Sales data.
FxstreetTue, Sep 1
EUR/GBP Price Forecast: Hesitates near 0.8550 with the risk-off mood capping rallies
The Euro (EUR) is looking for direction against the British Pound (GBP) on Monday, following a sharp reversal last Friday, with bears eyeing the bottom of the last two weeks’ trading range, just below 0.8550.
FxstreetMon, Aug 31
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.
FxstreetFri, Aug 28
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.
Buy
Moving Average
Indicators
Value
Direction
MA5
0.857
Buy
MA10
0.857
Buy
MA20
0.856
Buy
MA50
0.855
Buy
MA100
0.860
Sell
MA200
0.865
Sell
EUR/GBP Trading Strategy
Intraday
Medium Term
Short Term
Trading Strategy
The upside prevails as long as 0.8572 is support, with 0.8594 and 0.8599 as targets
Alternative scenario
below 0.8572, expect 0.8564 and 0.8558.
Comment
The upside prevails as long as 0.8572 is support, with 0.8594 and 0.8599 as targets
50 minutes 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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