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eur gbp exchange rate

EUR/GBP jumped to 0.8600, US Payrolls eyed

  • EUR/GBP pair has just reached the 0.8600 level.
  • The releases of the Industrial Production in Germany jumped.
  • Theresa May is deploying a lot of effort in obtaining an extension.
  • The GBP is going to react promptly to the EU data releases.

 Are you searching for a strong currency with high potential on the trading chart? Guess what? Now you can make some great Pips on the EUR GBP exchange rate and begin your journey as a successful trader!

According to Fxempire.com today the EUR GBP currency pair has managed to jump past the 0.8550 level and it is trading in the close vicinity of the 0.8580 point and in no time it will reach the 0.8600 point.

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EUR/GBP keeps a close eye on the US Payrolls

I have recently noticed that the trading cross is registering substantial gains in the European Union trading session for the third consecutive trading session in a row.

I think that the trading cross will begin to set up a solid stance in the proximity of the 0.8600 level and with this move optimism will begin to grow exponentially especially around the GBP single currency.

I also believe that the Brexit negotiations are taking a new turn because most of the discussions are gravitating around the extension of the departure deadline.

Why I think EUR/GBP exchange rate is one of the best currencies to trade right now

The United Kingdom Prime Minister Theresa May will announce an extension for June 30th and in the meantime the EU official Donald Tusk might refuse this request for the UK-EU divorce.

Back on the old continue I have noticed that a lot of influence has been coming from the German data releases where the Industrial Production data increased by a positive value of+ 0.7%  for the previous month.

Today I advise you to use the SELL action as much as possible!

Let us know how you feel about this analysis? Even if you are a novice trader we would still like to know your opinion!

Forex and Profits presents Today’s Free Forex Signal

Sell is the main action for EUR/GBP exchange rate

A summary of Highs and Lows for the EUR GBP

Highest level = 0.8560

Lowest level = 0.8435

Volatility level = High

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Today’s Forex predictions

Here is my EUR GBP forecast for tomorrow

Sell 70 %

Buy 30 %

S3 = 0.8576 S2= 0.8616 S1 = 0.8681

R1 = 0.8781 R2 = 0.8822 R3 = 0.8883

EUR/GBP significant trading levels

For the time being the EUR GBP currency pair is going upwards by a positive value of +0.03% and it is trading in the close vicinity of the 0.8580 level and it is relying heavily on the 0.8648 level continuing with 0.8722 and lastly ending with 0.8829.

On the other side of the medal it is in my belief that by jumping over the 0.8502 level this will definitely clear the path towards the 0.8483 level at first followed close up by 0.8471.

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