Monday's trading saw the EUR/GBP pair fluctuate within a narrow range, with a marginal rise to 0.8520.
EUR/GBP marginally rose to 0.8520 after two sessions of losses. Technical indicators present a neutral outlook for the short term. Traders should track a potential bullish crossover between the 20 and 100-day SMA at around 0.8500. Monday's trading saw the EUR/GBP pair fluctuate within a narrow range, with a marginal rise to 0.8520. This movement followed a two-day losing streak for the pair. The EUR/GBP pair suggests a mix of bullish and bearish signals.
Volume patterns have been mixed, with recent sessions exhibiting lower volume compared to large spikes observed earlier in the month. EUR/GBP daily chart The EUR/GBP pair has been consolidating within a range of 0.8500-0.8550 for the last few sessions. A breakout above 0.8550 could indicate a potential bullish trend, while a break below 0.8500 may increase the likelihood of further downward movement. Key support levels to watch include 0.8450 and 0.
Crosses Currencies Technical Analysis
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/GBP Price Analysis: Downtrend stalls at key support levelEUR/GBP finds support at the June 14 lows and consolidates.
Read more »
Retail Trader Sentiment Analysis – FTSE 100, GBP/USD, and EUR/GBPGauge market dynamics by examining sentiment indicators, position ratios, price fluctuations, and technical signals to determine prevailing bullish or bearish trends
Read more »
EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since May 15, 2024 when EUR/GBP traded near 0.86.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
Read more »
EUR/GBP IG Client Sentiment: Our data shows traders are now at their least net-long EUR/GBP since Nov 11 when EUR/GBP traded near 0.87.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
Read more »
EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Aug 05, 2024 when EUR/GBP traded near 0.86.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
Read more »
EUR/GBP Price Forecast: Breaks below 0.8550; 14-day EMA appears as a next supportEUR/GBP retraces its recent gains from the previous session, trading around 0.8530 during the European hours on Tuesday.
Read more »