The closest is the 50 day average, which is 131.1 pips away.
The closest is the 50 day average, which is 2.8 pips away.
Compared to its peers in the forex, eur/gbp gave its buyers a return that ranked 25th in terms of percentage change since yesterday.
For additional context, note that price has gone up 5 out of the past 10 days.
Compared to its peers in the forex, eur/gbp gave its buyers a return that ranked 19th in terms of percentage change since the day prior.
And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well.
This imputes a buy/sell ratio of 1.4, which is bullish.
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
As for the rationale, technical traders seem to be citing the appearance of bollinger bands and oscillator technical patterns.