Indicators
Indicators
Value
Direction
MACD(12,26,9)
-0.002
Sell
RSI(14)
19.438
Oversold
STOCH(KDJ)(9,3,3)
9.473
Oversold
ATR(14)
0.003
High Vlolatility
CCI(14)
-133.073
Sell
Williams %R
89.909
Oversold
TRIX(12,20)
-0.081
Sell
StochRSI(14)
53.882
Buy
Search
EUR/GBP
Add to Watchlist
0.837
+0.001+0.09%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D
Today
+0.09%
5 Days
-0.88%
1 Month
-2.37%
6 Months
-3.34%
Year to Date
-3.90%
1 Year
-3.65%
Key Data Points
Opening Price
0.837Previous Closing Price
0.837EUR/GBP Trading Strategy
Intraday
Medium Term
Short Term
Trading Strategy
Rebound above 0.8360 towards 0.8389
Alternative scenario
below 0.8360, expect 0.8351 and 0.8346.
Comment
Rebound above 0.8360 towards 0.8389
2 hours ago
Source: Trading Central(Reference Only)
Recent
Analysis
Euro hits fresh 17-month lows against British Pound after Eurozone, UK PMIs
The Euro (EUR) keeps struggling to find a bottom against a strong British Pound (GBP) on Friday, as UK business activity data strengthened the case for a Bank of England (BoE) interest rate hike in November, while Eurozone data increased concerns about France.
Fxstreet12 hours ago
British Pound: Gains extend as Euro tests channel support - Societe Generale
Societe Generale’s Kenneth Broux notes EUR/GBP has extended its decline after breaking the July low and is now testing support at the lower end of a multi‑month descending channel near 0.8370/0.8355.
FxstreetThu, Oct 22
British Pound: High-carry profile supports Sterling against Euro – ING
ING’s Chris Turner says sterling strength reflects both independent GBP gains and Euro weakness in EUR/GBP. Earlier concerns that Pound gains would fade have eased as markets gain confidence in the Bank of England’s tightening path, with ING expecting 25bp hikes in February and November.
FxstreetThu, Oct 22
EUR/GBP Price Forecast: Attempting to regain 0.8400 after hitting oversold levels
The Euro (EUR) shows a mild bullish correction against the British Pound (GBP) on Thursday, following a more than 2.7% selloff from late September highs that had pushed the Relative Strength Index to heavily oversold levels in most timeframes.
FxstreetThu, Oct 22
Euro weakens against British Pound as UK CPI data fuels expectations of imminent BoE rate hike
The EUR/GBP cross weakens to near 0.8390 during the early European trading hours on Wednesday. The British Pound (GBP) attracts some buyers following hotter UK inflation data.
FxstreetWed, Oct 21
British Pound: Gains slight edge over US Dollar – Societe Generale
Societe Generale strategists highlight that United Kingdom (UK) unemployment has fallen to a 13‑month low and average earnings have ticked higher, reinforcing expectations for a Bank of England (BoE) rate hike to 4% in November.
FxstreetTue, Oct 20
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.
Sell
Moving Average
Indicators
Value
Direction
MA5
0.839
Sell
MA10
0.842
Sell
MA20
0.846
Sell
MA50
0.853
Sell
MA100
0.855
Sell
MA200
0.861
Sell
About EUR/GBP
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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