EURGBP Down 2 Pips Over Past Hour, Moves Up For the 4th Consecutive Day; Eyes 20, 50 and 100 Day Averages

Hourly Update

(Last Updated July 19, 2021 3:16 GMT)

At the time of this writing, EURGBP’s rate is down -2 pips (-0.03%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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)

EURGBP is up 8 pips (0.09%) since the day prior (opening today near 0.85829), marking the 4th consecutive day it has gone up. Relative to other instruments in the Forex asset class, EURGBP ranked 19th the day prior in terms of percentage price change. The price chart of EURGBP below illustrates.

EURGBP

EURGBP Technical Analysis

Coming into today the current price of EURGBP is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 6 out of the past 10 days.