(Last Updated April 1, 2021 0:18 GMT)
At the moment, EURGBP’s rate is down -1 pips (-0.01%) from the hour prior. This is the 2nd consecutive hour EURGBP has seen its price head 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 bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
EURGBP End of Day Recap
Updated 00:30 GMT (04:30 EST)
EURGBP is down 18 pips (0.21%) since yesterday (opening today near 0.85274), marking the 5th day in a row a decrease has occurred. Relative to other instruments in the Forex asset class, EURGBP ranked 34th yesterday in terms of percentage price change. The price chart of EURGBP below illustrates.
EURGBP Technical Analysis
The first thing we should note is that EURGBP is now close to its 20 and 50 day averages, located at 0.8574 and 0.8654 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 5 out of the past 10 days.