EURGBP Down 8 Pips Over Past Hour, in an Uptrend Over Past 14 Days; Doji Pattern Appearing on Chart

Hourly Update

(Last Updated November 15, 2021 18:17 GMT)

Currently, EURGBP’s rate is down -8 pips (-0.09%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as EURGBP has now gone down 4 of the past 5 hours. 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 entered today at 0.8529, up 1 pips (0.01%) from the previous day. Compared to its peers in the Forex, EURGBP gave its buyers a return that ranked 26th in terms of percentage change since the previous day. Let’s take a look at price chart of EURGBP.

EURGBP

EURGBP Technical Analysis

Notably, EURGBP crossed above its 100 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 15 out of the past 30 days. And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well. Rejoice!