Indicators
Indicators
Value
Direction
MACD(12,26,9)
0.001
Neutral
RSI(14)
46.306
Neutral
STOCH(KDJ)(9,3,3)
40.036
Sell
ATR(14)
0.002
Low Volatility
CCI(14)
-35.462
Neutral
Williams %R
55.158
Sell
TRIX(12,20)
0.003
Sell
StochRSI(14)
0.000
Oversold
Search
EUR/GBP
Add to Watchlist
0.855
-0.002-0.23%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
D
Today
-0.23%
5 Days
-0.03%
1 Month
+0.26%
6 Months
-1.74%
Year to Date
-1.94%
1 Year
-1.23%
Key Data Points
Opening Price
0.856Previous Closing Price
0.857Recent
Analysis
Euro dips further against the British Pound, weighed by higher Oil prices
The Euro (EUR) posts mild losses against the British Pound (GBP) on Monday, with the EUR/GBP pair testing Friday’s lows at 0.8560, as the situation in the Middle East muddles and Crude prices tick up, adding pressure on the Eurozone’s Oil-importing economies.
Fxstreet11 hours ago
EUR/GBP Price Forecast: Mixed momentum signals point to more consolidation
The Euro (EUR) edges higher against the British Pound (GBP) on Friday, although price action has been confined to a narrow range over the past ten trading days, suggesting that the mid-July rebound from below 0.8500 is losing steam beneath a dense cluster of moving averages.
FxstreetFri, Aug 7
Euro steadies against the British Pound following another rejection at the 0.8580 area
The Euro (EUR) trades practically flat against the British Pound (GBP) on Friday, moving in a tight range above 0.8560 during the early European session, following another rejection at the 0.8680 area.
FxstreetFri, Aug 7
EUR/GBP Price Forecast: Holding below 0.8580 with dips limited so far
The Euro (EUR) nudges lower against the British Pound (GBP) on Thursday, following a three-day rally. The EUR/GBP remains capped below the late-July top of 0.8586, trading at 0.8575 at the time of writing, yet with downside attempts subdued so far.
FxstreetThu, Aug 6
British Pound: Sterling pressured into autumn against Euro – Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses recent British Pound (GBP) weakness versus the Euro (EUR), linking it to reduced Bank of England (BoE) tightening expectations and political developments under UK Prime Minister Burnham.
FxstreetWed, Aug 5
Euro holds gains against the Pound awaiting Eurozone and UK Services PMIs
The Euro (EUR) remains practically flat against the British Pound (GBP) on Wednesday, trading at 0.8573 at the time of writing and holding gains from the last two days after bouncing from the 0.8540 area on Friday.
FxstreetWed, Aug 5
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.
Sell
Moving Average
Indicators
Value
Direction
MA5
0.856
Sell
MA10
0.856
Sell
MA20
0.854
Buy
MA50
0.858
Sell
MA100
0.863
Sell
MA200
0.867
Sell
EUR/GBP Trading Strategy
Intraday
Medium Term
Short Term
Trading Strategy
The configuration is negative.
Alternative scenario
above 0.8571, look for 0.8579 and 0.8584.
Comment
The downside prevails as long as 0.8571 is resistance, with 0.8549 and 0.8544 as targets
6 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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