EURGBP: A Bullish Weekly OutlookEURGBP: A Bullish Weekly Outlook
This is an analysis I shared last months from a weekly perspective. The chart shows that the price increased by approximately 500 pips.
EURGBP tested an old weekly support zone that has consistently proven strong over time. Once again, the price reacted well, thou
About Euro / British Pound
The Euro vs the British Pound. This pair represents a cross between the two largest economies in Europe, the Euro Zone and the United Kingdom. The pair is greatly less volatile than other Euro or Pound based crosses because of the economic closeness and interdependence between the two. Changes in monetary policy between the Bank of England and the European Central Bank can make this pair extremely sensitive.
EURGBP draws a false breakoutExit from consolidation provokes distribution and price growth by 1%, the daily ATR is exhausted. The currency pair is forming a false breakout of resistance. The retest of the zone of interest 0.8526 and price consolidation below the level may provoke distribution
Scenario: there is no potential f
EURGBP - Bullish No More!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURGBP has been overall bullish trading within the rising channel marked in blue. And it is currently retesting the upper bound of the channel.
Moreover, the orange zone is a strong weekly resistance.
🏹 Thu
Keep Trading Binary.....buy or sell? then support your argument All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain dir
Bullish rise?EUR/GBP has reacted off the pivot and could rise to the 1st resistance.
Pivot: 0.8451
1st Support: 0.8402
1st Resistance: 0.8539
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs m
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related currencies
Frequently Asked Questions
The current rate of EURGBP is 0.85325 GBP — it has decreased by −0.24% in the past 24 hours. See more of EURGBP rate dynamics on the detailed chart.
The value of the EURGBP pair is quoted as 1 EUR per x GBP. For example, if the pair is trading at 1.50, it means it takes 1.5 GBP to buy 1 EUR.
The term volatility describes the risk related to the changes in an asset's value. EURGBP has the volatility rating of 0.34%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURGBP showed a 0.70% rise over the past week, the month change is a 1.40% rise, and over the last year it has increased by 0.95%. Track live rate changes on the EURGBP chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
EURGBP is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURGBP right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with EURGBP technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the EURGBP shows the buy signal, and 1 month rating is buy. See more of EURGBP technicals for a more comprehensive analysis.