EUR/GBP Live News

This page provides live coverage and news analysis on the EUR/GBP currency pair

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Jul. 18, 2024

Mixed sentiment sees Euro-Pound currency pair ending the session broadly flat; establishes tight 0.8405 to 0.8413 range

Live - Updated 41 minutes ago.

Euro-Pound posts light gains on a low-volatility day, ranging between 0.8405 – 0.8413 and is now at 0.8409.

Trend-focused traders would be interested to note that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Analysis based on the asset volatility indicates that Euro-Pound's lower Bollinger Band® is at 0.8405, indicating that the market is oversold and fertile for new buyers. As the trading day commences, technical analysis suggests Euro-Pound is 7 pips away from testing key resistance at 0.8417. Peaking above this level could inspire market bulls and open the path to further gains.

Overall, the technical outlook suggests Euro-Pound is likely to remain muted for the immediate future, with no clear-cut direction.

Elsewhere, other currency pairs are also gaining ground as USD/CHF is up 0.17% to 0.8846. USD/JPY is up 0.15%. GBP/NZD is up 0.19%.

Trading mostly sideways for 8 months. Euro-Pound has shed 68.94% over the past three months.

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Week to date

Euro-Pound ends yesterday stable around 0.8409 .

As the trading week gets on its way, EUR/GBP is up to 0.8409, after closing yesterday at zero. Overall, a 0% move or 8,409 pips this week. (Trade Euro-Pound with FXTM now).