Indicators
Indicators
Value
Direction
MACD(12,26,9)
0.000
Buy
RSI(14)
56.280
Neutral
STOCH(KDJ)(9,3,3)
58.699
Neutral
ATR(14)
0.002
Low Volatility
CCI(14)
73.674
Neutral
Williams %R
39.968
Buy
TRIX(12,20)
0.016
Sell
StochRSI(14)
7.363
Oversold
Search
EUR/GBP
Add to Watchlist
0.858
+0.000+0.00%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D
Today
0.00%
5 Days
+0.08%
1 Month
+0.21%
6 Months
-0.79%
Year to Date
-1.51%
1 Year
-1.15%
Key Data Points
Opening Price
0.858Previous Closing Price
0.858Recent
Analysis
EUR/GBP Price Forecast: Upside remains capped near 0.8600 as ECB decision looms
EUR/GBP trades in a narrow range on Wednesday as buyers struggle to extend Tuesday’s rebound. The 100-period Simple Moving Average (SMA) at 0.8599 limits the immediate upside, although momentum indicators retain a modest bullish bias.
Fxstreet4 hours ago
Euro remains steady against British Pound Gains due to ECB rate hike bets
EUR/GBP remains steady after experiencing volatility, hovering around 0.8580 during European hours on Wednesday. However, the currency cross may gain ground as the Euro (EUR) could receive support ahead of the looming European Central Bank (ECB) monetary policy decision.
Fxstreet8 hours ago
Euro rebounds against British Pound on diverging ECB-BoE interest rate paths
EUR/GBP rebounds on Tuesday after slipping to a six-day low earlier in the day. The recovery comes as the British Pound (GBP) weakens against most of its major peers following cautious remarks from Bank of England (BoE) Governor Andrew Bailey.
Fxstreet23 hours ago
British Pound: Sterling faces fiscal and BoE risks – Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses how United Kingdom (UK) Chancellor Healey’s pro-growth rhetoric and commitment to fiscal rules have left questions over funding, with EUR/GBP still range-bound.
FxstreetTue, Sep 8
British Pound: Seen weakening against Euro on hawkish BoE pricing – ING
ING strategist Francesco Pesole reports that Sterling gained modestly, helped by Chancellor John Healey’s first major speech stressing fiscal discipline and keeping long-end gilt moves aligned with global bond selling.
FxstreetTue, Sep 8
Euro wavers below 0.8590 against the British Pound, lacking clear bias
The Euro (EUR) remains flat against the British Pound (GBP) on Monday, with German Trade Balance data failing to provide any significant support. This leaves the EUR/GBP pair looking for direction within a tight range below 0.8590, after rejection above 0.8600 last week.
FxstreetTue, Sep 8
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
0.857
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 downside prevails as long as 0.8596 is resistance, with 0.8575 and 0.8570 as targets
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
5 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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