Indicators
Indicators
Value
Direction
MACD(12,26,9)
0.001
Neutral
RSI(14)
51.455
Neutral
STOCH(KDJ)(9,3,3)
59.946
Neutral
ATR(14)
0.002
High Vlolatility
CCI(14)
45.173
Neutral
Williams %R
44.751
Buy
TRIX(12,20)
0.004
Sell
StochRSI(14)
32.251
Sell
Search
EUR/GBP
Add to Watchlist
0.856
-0.001-0.07%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D
Today
-0.07%
5 Days
+0.17%
1 Month
+0.75%
6 Months
-1.99%
Year to Date
-1.77%
1 Year
-1.10%
Key Data Points
Opening Price
0.856Previous Closing Price
0.857Recent
Analysis
EUR/GBP slips as strong PMIs cancel out and Iran signals de-escalation
The Euro (EUR) is falling against the British Pound (GBP). EUR/GBP held the mid-0.8500s on Friday, hovering just below the 0.8570 area, even after a strong round of August flash Purchasing Managers Indexes (PMIs) on both sides of the cross.
Fxstreet3 hours ago
EUR/GBP Price Forecast: Neutral RSI signals further consolidation
EUR/GBP remains stuck in a narrow trading range this month, stalling the rebound from near 0.8460 in mid-July as buyers struggle to clear the 50-day Simple Moving Average (SMA).
Fxstreet5 hours ago
Euro: Set to outperform Pound, US Dollar and Yen - Nomura
Nomura strategists see greater fiscal vulnerabilities in the United Kingdom (UK) than in the Euro area. Strong foreign inflows into Euro area bonds and comparatively better debt dynamics support its view that Euro (EUR) should outperform British Pound (GBP), US Dollar (USD) and Japanese Yen (JPY).
Fxstreet6 hours ago
Euro steadies against British Pound as strong PMIs offer support on both sides
EUR/GBP trades around 0.8570 on Friday at the time of writing, virtually unchanged on the day.
Fxstreet9 hours ago
Euro holds gains against British Pound after weaker UK Retail Sales data
The EUR/GBP cross posts modest gains to around 0.8570 during the early European session on Friday. The British Pound (GBP) edges slightly lower against the Euro (EUR) following disappointing UK economic data.
Fxstreet11 hours ago
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.
FxstreetThu, Aug 20
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
0.855
Buy
MA20
0.856
Buy
MA50
0.856
Sell
MA100
0.861
Sell
MA200
0.866
Sell
EUR/GBP Trading Strategy
Intraday
Medium Term
Short Term
Trading Strategy
Rebound towards 0.8584
Alternative scenario
below 0.8560, expect 0.8552 and 0.8547.
Comment
Rebound towards 0.8584
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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