EURGBP Up 4 Pips On Hourly Chart, 3 Day Up Streak Broken; Nears 20 and 50 Day Moving Averages

Hourly Update

(Last Updated November 5, 2021 23:24 GMT)

At the moment, EURGBP’s rate is up 4 pips (0.05%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as EURGBP has now gone up 4 of the past 5 hours. 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)

EURGBP, which opened today priced near 0.84809, is down 23 pips 0.27% since the day prior, marking a reversal from the day prior — and the end of a 3 day positive run. Compared to its peers in the Forex, EURGBP gave its buyers a return that ranked 32nd in terms of percentage change since the day prior. The price chart of EURGBP below illustrates.

EURGBP

EURGBP Technical Analysis

Coming into today EURGBP is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. Or to simplify this another way, note that out of the past 30 days EURGBP’s price has gone down 21 them.