(Last Updated November 16, 2021 1:46 GMT)
Currently, EURGBP’s rate is up 1 pips (0.01%) from the hour prior. This is the 2nd consecutive hour EURGBP has seen its price head up. Regarding the trend, note that the strongest trend exists on the 20 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 choppiness in the recent daily price action of EURGBP continues; to start today, it came in at a price of 0.84749, down 54 pips (0.63%) since the day prior. Compared to its peers in the Forex, EURGBP gave its buyers a return that ranked 35th in terms of percentage change since the day prior. The price chart of EURGBP below illustrates.
EURGBP Technical Analysis
Notably, EURGBP crossed below its 20, 50 and 100 day moving averages yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days EURGBP’s price has gone up 7 them.