EUR/GBP Up 2 Pips in Last Hour, Makes Big Move Relative to Past Month; Crosses 50 and 100 Day Moving Averages

Hourly Update

(Last Updated July 20, 2021 2:11 GMT)

Currently, EURGBP’s rate is up 2 pips (0.02%) from the hour prior. EURGBP has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend 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 42 pips (0.49%) since the previous day (opening today near 0.86253), marking the 5th straight day it has gone up. Out of the 39 instruments in the Forex asset class, EURGBP ended up ranking 8th for the day in terms of price change. Below is a price chart of EURGBP.

EURGBP

EURGBP Technical Analysis

Moving average crossovers are always interesting, so let’s start there: EURGBP crossed above its 50 and 100 day moving averages yesterday. 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 15 out of the past 30 days.