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EURGBP

(Last Updated March 16, 2021)

Hello! This is the news page for EURGBP. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for EURGBP

metric_name reference_period asset_name asset_id date time forecast outcome
Euro Area ECB Enria Speech NA Euro EUR 2021-03-16 11:00 GMT
Euro Area Inflation Rate YoY Final Feb 2021 Euro EUR 2021-03-17 10:00 GMT 0.9%
Euro Area Core Inflation Rate YoY Final Feb 2021 Euro EUR 2021-03-17 10:00 GMT 1.1%
Euro Area Construction Output YoY Jan 2021 Euro EUR 2021-03-17 10:00 GMT
European Union New Car Registrations YoY Feb 2021 Euro EUR 2021-03-18 07:00 GMT

The Trend

On EURGBP, there is currently a downtrend on the 90, 30 and 14 day timeframes.

EURGBP Moving Averages

EURGBP’s moving averages suggest the trend on a number of time horizons is bearish.

The chart below illustrates.

Regarding EURGBP’s correlations over the past 7 days, it has demonstrated the strongest correlation with GBPJPY. If we zoom out to a two week basis, though, EURCAD is the asset most correlated to EURGBP. Alternatively, the asset least correlated with EURGBP over the past week has been EURCHF, but over the past two weeks, the asset least correlated with EURGBP has been EURSEK. The chart below illustrates EURGBP against its least correlated assets.

.

The View From the Weekly Timeframe

At the time of this writing, EURGBP’s rate is down -44 pips (-0.51%) from the week prior. EURGBP has seen its price go down 4 out of the past 5 weeks, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Looking further out, the moving averages on the weekly 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. The weekly chart below shows EURGBP’s price action over the past year.

EURGBP: The Monthly View

Monthly view favors rangebound strategies. No clear trend on the 24, 60 and 120 month timeframes.

EURGBP Down 1 Pips in Last Hour, Came Into Today Down For the 5th Day In A Row; in a Downtrend Over Past 90 Days

Categories Forex News Tags EURGBP
April 1, 2021March 30, 2021

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.

EURGBP Down 0 Pips Over Past Hour, Came Into Today Down For the 4th Consecutive Day; in a Downtrend Over Past 90 Days

Categories Forex News Tags EURGBP
March 31, 2021March 26, 2021

Compared to its peers in the forex, eurgbp gave its buyers a return that ranked 22nd in terms of percentage change since the day prior.

EURGBP Up 5 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 90 Days

Categories Forex News Tags EURGBP
March 26, 2021March 25, 2021

Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.

EURGBP Down 2 Pips in Last Hour, Came Into Today Up For the 5th Consecutive Day; is Inching Close to 20 Day Average

Categories Forex News Tags EURGBP
March 26, 2021March 24, 2021

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.

EURGBP Down 4 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 90 Days

Categories Forex News Tags EURGBP
March 25, 2021March 23, 2021

Volatility for eurgbp has been contracting over the past two weeks relative to volatility over the past month.

EURGBP Up 2 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; Crosses 20 Day Moving Average

Categories Forex News Tags EURGBP
March 24, 2021March 22, 2021

Volatility for eurgbp has been contracting over the past two weeks relative to volatility over the past month.

EURGBP Down 1 Pips Over Past Hour, in a Downtrend Over Past 90 Days; Eyes 20 Day Average

Categories Forex News Tags EURGBP
March 23, 2021March 10, 2021

Compared to its peers in the forex, eurgbp gave its buyers a return that ranked 5th in terms of percentage change since yesterday.

EURGBP Down 0 Pips Over Past Hour, Moves Down For the 6th Straight Day; in a Downtrend Over Past 30 Days

Categories Forex News Tags EURGBP
March 11, 2021March 9, 2021

If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.

EURGBP Down 0 Pips in Last Hour; Moves Down For the 5th Consecutive Day

Categories Forex News Tags EURGBP
March 10, 2021March 5, 2021

Volatility for eurgbp has been contracting over the past two weeks relative to volatility over the past month.

EURGBP Down 3 Pips Over Past Hour, Entered Today Down For the 2nd Straight Day; in a Downtrend Over Past 90 Days

Categories Forex News Tags EURGBP
March 5, 2021March 4, 2021

Given that we see downtrend on the 10 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

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