0.857
Today
-0.03%
5 Days
+0.02%
1 Month
+0.04%
6 Months
-1.15%
Year to Date
-1.60%
1 Year
-1.69%
Opening Price
0.857Previous Closing Price
0.858
The downside prevails as long as 0.8590 is resistance, with 0.8568 and 0.8562 as targets
above 0.8590, look for 0.8599 and 0.8604.
The downside prevails as long as 0.8590 is resistance, with 0.8568 and 0.8562 as targets
EUR/GBP edges lower on Monday as the British Pound attracts buyers after recent weakness, with hawkish remarks from Bank of England (BoE) Deputy Governor Dave Ramsden lending it further support. At the time of writing, the cross trades around 0.8564, down 0.40%.
The Euro (EUR) is dropping sharply against the British Pound (GBP) on Monday, with EUR/GBP bears testing support at the 0.8570 area, reversing last week's gains in a day following rejection at the 0.8610 resistance area.
The Euro (EUR) has failed to break the 0.8610 resistance level against the British Pound on Monday, sending the EUR/GBP pair back to session lows at 0.8690 at the time of writing.
EUR/GBP trades flat around 0.8600 on Friday and is heading for a weekly gain as the Bank of England’s (BoE) wait-and-see stance weighs on the British Pound (GBP). The BoE has remained on hold so far this year, leaving its benchmark rate unchanged at 3.75% at last week’s meeting.
The Euro (EUR) remains practically flat, just below three-month highs against the British Pound (GBP) on Friday, despite the downbeat German consumer confidence data released earlier in the day.
The Euro (EUR) holds gains against the British Pound (GBP) on Thursday, as the EUR/GBP flirts with the 0.8600 area, just below three-month highs, at 0.8607, following a 0.3% appreciation so far this week.
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.