Indicators
Indicators
Value
Direction
MACD(12,26,9)
0.000
Neutral
RSI(14)
44.775
Neutral
STOCH(KDJ)(9,3,3)
21.274
Sell
ATR(14)
0.002
Low Volatility
CCI(14)
-113.222
Sell
Williams %R
81.900
Oversold
TRIX(12,20)
0.003
Sell
StochRSI(14)
0.000
Oversold
Search
EUR/GBP
Add to Watchlist
0.854
-0.000-0.02%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
D
Today
-0.02%
5 Days
-0.35%
1 Month
+0.29%
6 Months
-1.95%
Year to Date
-2.00%
1 Year
-1.22%
Key Data Points
Opening Price
0.854Previous Closing Price
0.854Recent
Analysis
Euro steadies against Pound Sterling as traders await UK GDP verdict
The Euro (EUR) steadies against the Pound Sterling (GBP) on Wednesday, with EUR/GBP trading flat near the 0.8540 zone after two consecutive declines.
Fxstreet5 hours ago
British Pound: Budget uncertainty leaves Sterling vulnerable against Euro - Rabobank
Rabobank's Senior FX Strategist Jane Foley outlines a cautious stance on UK fiscal prospects and their impact on EUR/GBP. The Burnham government’s planned flexibility in fiscal rules and higher infrastructure spending could mean more gilt supply and tax speculation.
Fxstreet11 hours ago
Euro trims losses against the British Pound following hot German inflation data
The Euro (EUR) has picked up from session lows against the British Pound (GBP) on Wednesday as hot German inflation figures have partially offset a mild risk-off sentiment, amid flaring tensions in the Middle East.
Fxstreet14 hours ago
EUR/GBP slips as bearish pressure mounts
EUR/GBP is trading on the lower end of its weekly range near the 0.8540 price zone on Tuesday.
FxstreetTue, Aug 11
EUR/GBP Price Forecast: Under growing bearish pressure below 0.8550
The Euro (EUR) extends losses for the second consecutive day against the British Pound (GBP) on Tuesday, weighed by a cautious market mood as hopes of a swift end to Iran’s war wane and Oil prices climb. The EUR USD pair remains capped below 0.8550 after hitting two-week lows at 0.8536 on Monday.
FxstreetTue, Aug 11
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.
FxstreetMon, Aug 10
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
0.855
Sell
MA10
0.856
Sell
MA20
0.854
Sell
MA50
0.858
Sell
MA100
0.862
Sell
MA200
0.867
Sell
EUR/GBP Trading Strategy
Intraday
Medium Term
Short Term
Trading Strategy
The break above the 50 area on the RSI should trigger further gains.
Alternative scenario
above 0.8550, look for 0.8558 and 0.8563.
Comment
As long as 0.8550 is resistance, look for 0.8526
31 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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