0.858
Today
-0.26%
5 Days
+0.06%
1 Month
+0.08%
6 Months
-1.11%
Year to Date
-1.56%
1 Year
-1.65%
Opening Price
0.860Previous Closing Price
0.860
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
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.
According to Elias Haddad at Brown Brothers Harriman, GBP/USD is lower on broad Dollar strength and EUR/GBP is slightly firmer after weaker United Kingdom (UK) September Purchasing Managers' Index (PMI).
The Euro (EUR) accelerates its recovery against the British Pound (GBP) on Wednesday as mixed UK Purchasing Managers' Index (PMI) figures reveal that inflationary pressures have weighed heavily on business activity in September.
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.