0.855
Today
+0.22%
5 Days
+0.60%
1 Month
-0.84%
6 Months
-1.51%
Year to Date
-1.88%
1 Year
-2.09%
Opening Price
0.854Previous Closing Price
0.853The 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.
Look for a drop towards 0.8521 before a bounce
below 0.8521, expect 0.8508 and 0.8501.
Look for a drop towards 0.8521 before a bounce
The Euro (EUR) has picked up towards the 0.8540 area against the British Pound (GBP) on Monday, after a mild pullback on Friday found support at 0.8530. The pair maintains the immediate bullish trend from mid-July lows at 0.8455, with bulls looking at three-week highs in the area of 0.8555.
EUR/GBP trades around 0.8550 at the time of writing on Friday, remaining broadly stable despite a series of stronger-than-expected economic releases from the Eurozone and the United Kingdom (UK).
The Euro (EUR) rallies further against the British Pound (GBP) as the latter weakens despite upbeat United Kingdom (UK) Retail Sales data for June. The EUR/GBP pair jumps to near 0.8550 in the European trading session on Friday, the highest level seen in two weeks.
The Euro (EUR) trades under pressure against the British Pound (GBP) as traders assess the European Central Bank’s (ECB) latest monetary policy announcement.
BNY’s Geoff Yu notes the Euro is stabilizing ahead of the ECB decision, with improving spot flow and hedge unwinding supporting Eurozone assets. However, forward and swaps demand remain weak, limiting conviction.
ING analysts Chris Turner, Francesco Pesole and James Smith argue Sterling’s summer strength is driven by positioning, carry and possible M&A flows rather than UK fundamentals.
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