0.856
Today
+0.10%
5 Days
-0.22%
1 Month
+0.19%
6 Months
-0.79%
Year to Date
-1.75%
1 Year
-0.95%
Opening Price
0.855Previous Closing Price
0.855
The downside prevails as long as 0.8567 is resistance, with 0.8546 and 0.8541 as targets
above 0.8567, look for 0.8575 and 0.8580.
The downside prevails as long as 0.8567 is resistance, with 0.8546 and 0.8541 as targets
EUR/GBP trades in the mid-0.8500s, unable to reclaim the 0.8600 barrier on Tuesday as the Euro (EUR) has struggled even after the European Central Bank (ECB) raised its three key rates by 25 basis points (bps) on September 10, lifting the deposit rate to 2.50%.
ING’s Francesco Pesole notes the Pound has been resilient against the Dollar and EUR/GBP has fallen about 0.5% since Friday, partly on positioning ahead of the Bank of England meeting.
The Euro (EUR) posts minor gains on Tuesday as the British Pound (GBP) falls after mixed UK employment data.
EUR/GBP slides on Monday, trading around 0.8560 as the Euro (EUR) side of the cross is underpinned by a European Central Bank (ECB) that remains hawkish. The pair hit a two-week low of 0.8554 earlier in the day before the Pound (GBP) gained some ground.
The Euro (EUR) opened the week in the same weak tone it closed the last one, as the British Pound (GBP) got a boost from strong UK Gross Domestic Product (GDP) and Industrial Production data.
EUR/GBP is easing on Friday and slipping toward the 0.8580 area. The cross had pushed to the top of its recent range in the high 0.8590s before running out of steam.
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.
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