Indicators
Indicators
Value
Direction
MACD(12,26,9)
0.001
Buy
RSI(14)
58.799
Neutral
STOCH(KDJ)(9,3,3)
70.934
Neutral
ATR(14)
0.002
Low Volatility
CCI(14)
109.787
Buy
Williams %R
31.392
Buy
TRIX(12,20)
0.015
Sell
StochRSI(14)
48.586
Sell
Search
EUR/GBP
Add to Watchlist
0.859
-0.000-0.03%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D
Today
-0.02%
5 Days
+0.35%
1 Month
+0.27%
6 Months
-0.75%
Year to Date
-1.47%
1 Year
-0.94%
Key Data Points
Opening Price
0.858Previous Closing Price
0.859Recent
Analysis
EUR/GBP Price Forecast: Testing support at previous highs at the 0.8585 area
The Euro (EUR) is trading lower against the British Pound (GBP) following mixed Eurozone macroeconomic figures on Monday. The EUR/GBP pair is testing support at a previous resistance area, at 0.8585 ahead of the US session opening, after failing to find acceptance above the 186.00 area last week.
Fxstreet4 hours ago
Euro holds losses against British Pound as German Industrial Production unexpectedly drops in July
The EUR/GBP cross loses ground to around 0.8585 during the early European trading hours on Monday. The Euro (EUR) attracts some sellers against the British Pound (GBP) following the German economic data.
Fxstreet8 hours ago
Euro retreats against Pound Sterling as Eurozone Retail Sales disappoint
EUR/GBP trades on the back foot on Friday, snapping a four-day winning streak that pushed the cross above 0.8600 to its highest level since July 1. Softer-than-expected Eurozone Retail Sales data weighs modestly on the Euro (EUR).
FxstreetFri, Sep 4
British Pound: Budget risks weigh on Sterling – Rabobank
Rabobank’s Senior FX Strategist Jane Foley highlights that the British Pound (GBP) is vulnerable as global bond market pressure focuses on high-debt countries facing elections or budget talks.
FxstreetFri, Sep 4
Euro: Gradual recovery from Warsh sell-off against US Dollar – ING
ING’s Chris Turner writes that EUR/USD is grinding higher as markets reverse the earlier sell-off triggered by Kevin Warsh’s speech, with the pair moving back toward 1.1650. A softer Dollar backdrop versus EMFX and pro-growth G10 currencies supports the Euro.
FxstreetFri, Sep 4
Euro pulls back against a firmer British Pound following hawkish BoE rhetoric
The Euro (EUR) trades lower against the British Pound (GBP) on Friday, snapping a four-day rally, after hawkish comments from Bank of England (BoE) committee member Huw Pill provided a fresh boost for the Cable on Thursday.
FxstreetFri, Sep 4
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
0.859
Sell
MA10
0.858
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 configuration is negative.
Alternative scenario
above 0.8596, look for 0.8605 and 0.8610.
Comment
The downside prevails as long as 0.8596 is resistance, with 0.8575 and 0.8570 as targets
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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