Euro to Pound Signals and Price Predictions

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eToro - Best Broker to Trade EUR/GBP

EUR/GBP is considered the most interesting pair among the crosses, especially after Brexit. The EU and the UK have common approaches to monetary policy and close trade and economic ties. The pair practically does not depend on the U.S. policy and USD, and therefore is less subject to high volatility against the background of sometimes aggressive actions of the Fed and U.S. politicians.

1

Recommendation for EUR/GBP on the 15M timeframe is Strong Sell.

2

Recommendation for EUR/GBP on the 1H timeframe is Strong Sell.

3

Recommendation for EUR/GBP on the 1D timeframe is Neutral.

At the moments of lull, the EUR/GBP price is in a clear flat due to mutual integration of the economies. In any crisis situation, the price reacts with growth, as the EU economy is bigger than the UK economy and therefore the British pound drops against the euro. What are the short and long-term trends of EUR/GBP and how to earn money on this instrument?


In our article, you will be able to learn the latest price forecasts and signals on the EUR/GBP currency exchange rate for 1 hour-1 week. EUR/GBP forecasts and signals are based on the technical analysis indicators.

NOTE!

On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:

  • Asset quotes are updated every minute.
  • Price chart is updated every minute.
  • Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
  • Medium and long-term forecasts are updated every hour.

EUR/GBP forecast for 1 day, 1 week, 1 month

EUR/GBP forecast by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out EUR/GBP price prediction for today.

NOTE!

Signals may differ on different timeframes. If you want to hold the EUR/GBP for longer than 1 week/1 month, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.

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Indicator Based Technical Analysis of EUR/GBP

To find a better entry point, also find out what TradingView technical analysis tool signals for the Euro to Pound currency exchange rate. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.

EUR/GBP Chart Online

What Influences EUR/GBP Long-term Price Forecast

Global trend movements are observed at the moments of crises both inside the eurozone and in the world. After the UK economy started to distance itself from the EU, the British pound slightly dropped against the euro. On the other hand, the UK is an independent country with one of the strongest economies in the world, while the EU includes countries with problematic economies. Therefore, the price chart somewhat resembles scales, the plates of which swing in one direction first, then in the other.


Key factors impacting the EUR/GBP price:

  • Statistics on key industry indicators: GPD, balance of payments, consumer price index, inflation, etc.
  • Policies of the central banks, specifically the quantitative easing policy of the European Central Bank, which the bank has been implementing over the past few years.

The EU also has two problems that could weaken the euro: the issues of the banking systems of certain countries and the migration policy.

Latest exchange rates online

Price prediction methodology

The following tools and instruments were used for making the prediction:


Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.

FAQs

Is the EUR/GBP pair suitable for novice traders?

Yes. Unlike the pairs with USD, it has better predictability on the intervals from H1. The Average daily volatility is 70-80 pips (for comparison, the volatility of EUR/USD is 80-110 pips). The benefits of the pair: clear reaction to the statistical economic indicators, and weak reaction to the US news.

What are the best strategies for trading EUR/GBP?

Trend and countertrend – on the intervals from H1. Trading in the flat with channel indicators – on the intervals of M15-H1.

Why is trading crosses better than trading pairs with USD?

Presence of USD in a pair is a ‘time bomb’ for Stop-Loss orders in the day strategies. Practice shows that the market is very sensitive to the statements of the President or representatives of the Fed. A couple of words or tweets are enough for a long reverse candle to appear on the chart. Europe does not have such key leaders capable of suddenly shaking the market. The EUR/GBP pair is not prone to sharp short-term countertrend movements.

What assets does EUR/GBP have a big direct correlation with?

It depends on the time frame and the analyzed interval. On M15, the correlation with the EUR/CAD pair is relatively high (75%). On H1 – with USD/SEK (82%).