EUR/GBP Up 5 Pips On 4 Hour Chart, Moves Down For the 4th Day In A Row; Price Base in Formation Over Past 14 Days
This imputes a buy/sell ratio of 20, which is very bullish.
EURGBP
(Last Updated July 2, 2020)
Hello! This is the news page for EURGBP. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On EURGBP, there is currently an uptrend on the 90 and 30 day timeframes.
EURGBP Moving Averages
The moving averages on EURGBP indicate a trend that is clearly bullish.
Below is a chart showing EURGBP’s price with its moving averages.
Regarding EURGBP’s correlations over the past 7 days, it has demonstrated the strongest correlation with GBPUSD. Over the past 14 days, however, GBPCHF is the asset most correlated to EURGBP. On the flip side, the asset least correlated with EURGBP over the past week has been EURTRY, just the same as it has been over the past two weeks. See the chart below to observe the recent price action in EURGBP versus those of assets it hasn’t been well correlated with.
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EUR/GBP Down 3 Pips On 4 Hour Chart, Entered Today Down For the 4th Day In A Row; Price Base in Formation Over Past 14 Days
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.
EUR/GBP Down 0 Pips On 4 Hour Chart, Underperforms All Forex; Moves Down For the 2nd Day In A Row
This imputes a buy/sell ratio of 1.8, which is bullish.
EUR/GBP Up 8 Pips Over Past 4 Hours, 2 Day Down Streak Snapped; is Inching Close to 20 Day Average
This imputes a buy/sell ratio of 1, which is neutral.
EUR/GBP Down 18 Pips Over Past 4 Hours, 3 Day Up Streak Ended; in an Uptrend Over Past 14 Days
Technical analysis, on the other hand, gained popularity for those seeking short-term and medium-term gains, with operations based on methods and concepts, such as candlestick and fibonacci numbers and chat patterns….
EUR/GBP Down 12 Pips Over Past 4 Hours, Entered Today Up For the 3rd Day In A Row; in an Uptrend Over Past 14 Days
This imputes a buy/sell ratio of 1.13, which is neutral.
EUR/GBP Up 6 Pips Over Past 4 Hours, Moves Down For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
EUR/GBP Down 22 Pips Over Past 4 Hours, Came Into Today Up For the 3rd Day In A Row; in an Uptrend Over Past 14 Days
As for the rationale, technical traders seem to be citing the appearance of a fibonacci technical pattern.
EUR/GBP Down 13 Pips in Last 4 Hours, Moves Up For the 2nd Day In A Row; Price Base in Formation Over Past 90 Days
This imputes a buy/sell ratio of 0.58, which is bearish.
EUR/GBP Up 26 Pips in Last 4 Hours, Moves Down For the 2nd Day In A Row; Price Base in Formation Over Past 90 Days
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.