(Last Updated October 22, 2021 23:17 GMT)
Currently, EURGBP’s rate is up 1 pips (0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
EURGBP End of Day Recap
Updated 00:30 GMT (04:30 EST)
The back and forth price flow continues for EURGBP, which started today off at 0.84335, down 22 pips 0.26% from the previous day. Out of the 39 instruments in the Forex asset class, EURGBP ended up ranking 29th for the day in terms of price change. Here is a price chart of EURGBP.
EURGBP Technical Analysis
Notably, EURGBP is now close to its 20, 50, 100 and 200 day averages, located at 0.8512, 0.8543, 0.8545 and 0.8578 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 30 days EURGBP’s price has gone down 18 them.