Created
: 2024.10.18
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
EUR/GBP Price Analysis: Mixed outlook as selling pressure rises, 20-day SMA rejects buyers
World FX news
Breaking news
EUR/GBP Price Analysis: Mixed outlook as selling pressure rises, 20-day SMA rejects buyers
New
2024.10.18 01:18
2024.10.18 01:18
2024.10.18 01:18
- EUR/GBP got rejected once again by the 20-day SMA.
- RSI suggests selling pressure is rising, while MACD indicates buying pressure is declining.
- Movements below the 0.8400 threshold might trigger movements towards 0.8300.
In Thursday's session the EUR/GBP declined by 0.30% to 0.8330 after the cross surged and attempted to recover the 20-day SMA on Wednesday but got rejected and resumed its downwards paths.
The Relative Strength Index (RSI) is currently at 40, in negative area and on a declining slope, indicating that selling pressure is rising while the Moving Average Convergence Divergence (MACD) suggests buying pressure is declining.
In case the cross fails to recover the 20-day SMA around 0.8350 support levels are at 0.8315, and 0.8300, while key resistance levels at 0.8380, 0.8400, and 0.8420.
EUR/GBP daily chart
Last updated
: 2024.10.18
Related articles
Mexican Peso plunges to hit two-month low on upbeat US data
2024.10.18 02:09EUR/GBP Price Analysis: Mixed outlook as selling pressure rises, 20-day SMA rejects buyers
2024.10.18 01:17ECB Commentary: Downside risks building - TDS
2024.10.18 00:12AUD: Outlier for the time being - Rabobank
2024.10.18 00:05GBP/USD Price Forecast: Struggles at 1.3000, yet remains flat
2024.10.17 23:55EUR/AUD weakens on combo of ECB rate cut and Aussie employment data
2024.10.17 23:24
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Dow Jones climbs into record high bids on Thursday
The Dow Jones Industrial Average (DJIA) found a new all-time high on Thursday, bolstered by investors piling back into the AI stock rally and gaining over 200 points from the day's opening bids.
New
2024.10.18 02:43Mexican Peso plunges to hit two-month low on upbeat US data
The Mexican Peso remains on the defensive, posting four days of losses against the Greenback.
New
2024.10.18 02:09EUR/GBP Price Analysis: Mixed outlook as selling pressure rises, 20-day SMA rejects buyers
In Thursday's session the EUR/GBP declined by 0.30% to 0.8330 after the cross surged and attempted to recover the 20-day SMA on Wednesday but got rejected and resumed its downwards paths.
New
2024.10.18 01:17ECB Commentary: Downside risks building - TDS
As fully expected, the ECB cut rates by 25bps today, TDS' economists note.
New
2024.10.18 00:12AUD: Outlier for the time being - Rabobank
The RBA and the Norges Bank are vying for the position as the second most hawkish.
New
2024.10.18 00:05Silver Price Forecast: XAG/USD extends gains, buyers target $32.00
Silver's price extended its gains to three straight days yet remains below the $32.00 figure as US Treasury yields cap the grey metal's advance.
New
2024.10.17 23:57GBP/USD Price Forecast: Struggles at 1.3000, yet remains flat
The Pound Sterling recovered some ground yet cannot hold firm above the 1.3000 figure against the Greenback.
New
2024.10.17 23:55EUR/AUD weakens on combo of ECB rate cut and Aussie employment data
EUR/AUD falls by almost three-quarters of a percent to the 1.6180s on Thursday after a combination of stronger-than-expected Australian labor market data boosted the Australian Dollar (AUD) whilst the Euro (EUR) depreciated ahead of the European Central Bank's (ECB) decision to cut interest rates, and remained under pressure as the bank telegraphed a mildly negative economic outlook for the region going forward.
New
2024.10.17 23:24Silver Price Forecast: XAG/USD consolidates below $32 as investors look for fresh Fed rate cut cues
Silver price (XAG/USD) trades in a tight range below the key resistance of $32.00 in Thursday's North American session.
New
2024.10.17 22:51Lagarde speech: Still looking at soft landing
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to lower the benchmark interest rate by 25 basis points at the October policy meeting and responds to questions from the press.
New
2024.10.17 22:18Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
