CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Euro - English Pound Analysis

US Session Analysis for CFD Instruments 07/02/2019

Fundamental analysis

07 February, 2019

EUR/GBP rose 0.13% on Thursday to hit a session high of 0.88126. The Bank of England (BOE) held its benchmark interest rates steady on Thursday, with just 50 days to go before the U.K. leaves the European Union. As widely expected, the BOE’s nine-member Monetary Policy Committee (MPC), led by Mark Carney, unanimously voted to leave interest rates unchanged at 0.75%. “U.K. economic growth slowed in late 2018 and appears to have weakened further in early 2019,” policymakers at the central bank said. On Brexit, Prime Minister Theresa May was in Brussels on Thursday to plead with EU leaders to change the Brexit divorce deal she negotiated last year, in order to get it through parliament, after they offered little hope they were willing to do so. The upside potential, however, seemed limited as EU Commission sharply cut on Thursday its forecasts for euro zone economic growth this year and next because it expects the bloc’s largest countries to be held back by global trade tensions and an array of domestic challenges. The Commission said euro zone growth will slow to 1.3% this year from 1.9% in 2018, before rebounding in 2020 to 1.6%. The new estimates are far less optimistic than those released in November, when Brussels expected the euro zone to grow 1.9% this year and 1.7% in 2020. The European Commission slashed its economic growth forecasts for Italy for 2019 and 2020 on Thursday. The Commission said Italian gross domestic product was likely to grow by only 0.2% in 2019, down from 1.0% in 2018 and against a 1.2% growth forecast the Commission made last November.

Technical analysis

Euro - English Pound Analysis Technical analysis 07/02/2019
Time Frame: 1 hour

EURGBP Support & Resistance Table - 07/02/2019

Support & Resistance Level Explanation
Resistance 2 0.8847 Daily R2
Resistance 1 0.8821 Daily R1
Support 1 0.8776 Daily S1
Support 2 0.8750 Daily S2

EURGBP Indicator Table - 07/02/2019

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Neutral
RSI (14) Buy
Stochastic ( 9;6;3) Buy

EURGBP Indicator / Period Table - 07/02/2019

Indicator / Period Day - BuyWeek - SellMonth - Buy
MACD( 12;26;9) Neutral SellBuy
RSI (14) Buy NeutralNeutral
SMA 20 Buy SellSell

EURGBP 07/02/2019 - Reference Price : 0.8799

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
Share It With Your Network
Euro - Pound Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now
Close

Be aware of the following holiday trading schedule:

  • Martin Luther king US holidays 20.1.2020
Instrument 20.01.2020 21.01.2020
ALL FOREX Regular Regular
Indices
S&P 500 Early close 17:59 Regular
NASDAQ 100 Early close 17:59 Regular
DJ 30 Early close 17:59 Regular
Russell 2000 Early close 17:59 Regular
DOLLAR INDEX Early close 17:59 Regular
Energy
Crude oil Early close 17:59 Regular
Brent Oil Regular Regular
Natural Gas Early close 17:59 Regular
Heating oil Early close 17:59 Regular
Gasoline Early close 17:59 Regular
Commodities
Corn closed Regular
Soybeans closed Regular
Wheat closed Regular
Sugar closed Regular
Cotton closed Regular
Metals
Gold Early close 17:59 Regular
Silver Early close 17:59 Regular
Copper Early close 17:59 Regular
Palladium Early close 17:59 Regular
Platinum Early close 17:59 Regular
Bonds US
Bonds Early close 17:59 Regular
Equities
Equities US closed Regular
  • Please note: In case of low liquidity in a specific instrument, Fortrade may widen the spreads or even close the instrument for trading. Notifications will be issued regarding any such changes to the trading schedule.
  • 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
  • The above times may be subject to change.
  • All times are GMT (0)