Indicators
Indicators
Value
Direction
MACD(12,26,9)
0.001
Neutral
RSI(14)
53.020
Neutral
STOCH(KDJ)(9,3,3)
63.446
Buy
ATR(14)
0.002
Low Volatility
CCI(14)
74.786
Neutral
Williams %R
36.832
Buy
TRIX(12,20)
0.003
Sell
StochRSI(14)
51.678
Sell
Search
EUR/GBP
Add to Watchlist
0.857
-0.001-0.17%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D
Today
-0.17%
5 Days
+0.32%
1 Month
+0.77%
6 Months
-2.02%
Year to Date
-1.71%
1 Year
-0.77%
Key Data Points
Opening Price
0.858Previous Closing Price
0.858Recent
Analysis
EUR/GBP eases from intraday highs as traders eye dual flash PMIs
EUR/GBP trades near the 0.8560s zone, having drifted steadily lower from near the 0.8585 area after failing to hold its push higher. The cross is down 0.15% in Thursday's American session with traders squaring up ahead of a data-heavy Friday.
Fxstreet2 hours ago
Euro holds steady against British Pound as ECB, BoE rate hike bets offset each other
EUR/GBP trades around 0.8580 on Thursday at the time of writing, showing little change on the day.
Fxstreet6 hours ago
EUR/GBP pushes toward two-week high amid cooling UK services inflation
EUR/GBP trades on the front foot on Wednesday, pushing up to the vicinity of a two-week high near the 0.8570 region as the Euro holds firm against a softer British Pound (GBP). The pair has cleared its recent range after a run of green candles on the 4-hour chart.
FxstreetWed, Aug 19
British Pound: Carry appeal keeps Sterling resilient as BoE stays on hold – ING
ING’s Chris Turner, citing UK economist James Smith, notes that July United Kingdom (UK) Consumer Price Index (CPI) had limited impact on EUR/GBP, with benign food inflation and only a modest uptick in the Bank of England’s core services measure to 3.8%.
FxstreetWed, Aug 19
Euro extends gains against British Pound as Eurozone inflation accelerates
The Euro (EUR) trades higher against the British Pound (GBP) on Wednesday, on track for a five-day winning streak, and received additional support after Eurozone final inflation figures confirmed higher price pressures in July.
FxstreetWed, Aug 19
Euro trims gains against British Pound after UK CPI inflation rises to 2.9%
The EUR/GBP cross pares gains around 0.8555 during the early European trading hours on Wednesday. The British Pound (GBP) attracts some buyers against the Euro (EUR) following the UK inflation data.
FxstreetWed, Aug 19
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
0.856
Buy
MA10
0.855
Buy
MA20
0.856
Buy
MA50
0.857
Sell
MA100
0.862
Sell
MA200
0.866
Sell
EUR/GBP Trading Strategy
Intraday
Medium Term
Short Term
Trading Strategy
The upside prevails as long as 0.8572 is support, with 0.8591 and 0.8596 as targets
Alternative scenario
below 0.8572, expect 0.8563 and 0.8558.
Comment
The upside prevails as long as 0.8572 is support, with 0.8591 and 0.8596 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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