Indicators
Indicators
Value
Direction
MACD(12,26,9)
0.001
Buy
RSI(14)
57.367
Neutral
STOCH(KDJ)(9,3,3)
71.235
Neutral
ATR(14)
0.002
High Vlolatility
CCI(14)
129.066
Buy
Williams %R
34.441
Buy
TRIX(12,20)
0.013
Sell
StochRSI(14)
36.457
Sell
Search
EUR/GBP
Add to Watchlist
0.859
-0.001-0.10%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D
Today
-0.09%
5 Days
+0.17%
1 Month
+0.24%
6 Months
-1.20%
Year to Date
-1.47%
1 Year
-1.00%
Key Data Points
Opening Price
0.859Previous Closing Price
0.859Recent
Analysis
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.
Fxstreet2 hours ago
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.
Fxstreet3 hours ago
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.
Fxstreet4 hours ago
0.8600 under pressure: EUR/GBP at two-month highs following Services PMIs
The Euro (EUR) extends gains against a weaker British Pound (GBP) for the fourth consecutive day on Thursday, following downward revisions of both the Eurozone and UK Services Purchasing Managers’ Index (PMI) figures.
FxstreetThu, Sep 3
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.
FxstreetWed, Sep 2
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.
FxstreetWed, Sep 2
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
0.858
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 downside prevails as long as 0.8595 is resistance, with 0.8572 and 0.8566 as targets
Alternative scenario
above 0.8595, look for 0.8604 and 0.8609.
Comment
The downside prevails as long as 0.8595 is resistance, with 0.8572 and 0.8566 as targets
26 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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