Web Analytics

EURGBP Daily Forecast and Short-term Trading Idea

Fxdatapanel30 Sep 2022Forex Forecast

EURGBP Daily Forecast and Short-term Trading Idea

EUR/GBP has dropped to a strong support area after rising for nearly 2 weeks. However, the current drop in the EURGBP pair’s price seems temporary. The intraday support levels are at 0.8771 and 0.8715. The near-term resistance areas are at 0.8931 and 0.9035. On the intraday charts, the EURGBP pair has multiple support levels that may help bulls make a recovery move.

EURGBP Technical Outlook

The Relative Strength Index Indicator (RSI), Stochastic, and Bollinger Bands (BB) are neutral. The Average True Range (ATR) Indicator shows low volatility while the MACD (Moving Average Convergence Divergence) is below the zero line.


Bollinger Bands




Neutral (24)

Neutral (0.8810)

0.0104 (Volatility Down)

Above Zero (0.0086)

60 (Neutral)

Using multiple technical indicators to analyze and Forecast the EURGBP or any other pair provides multiple confirmations helping to make more informed decisions and trade profitably.

Related Article: How to Trade Gold (XAUUSD), and is it Worth Trading?

EUR/GBP Support and Resistance levels – Short-Term

S 1

S 2

S 3

R 1

R 2

R 3







FXDatapanel Trading Signals Platform Provide Daily Forex Trade Signals and Daily Gold Trading Signals.

Pivot Points

1 hour

4 hours









EURGBP Trading Ranges

EUR/GBP Daily Trading Range: 0.8782 – 0.8850
EURGBP Weekly Trading Range: 0.8782 – 0.9269
EUR/GBP Monthly Trading Range: 0.8566 – 0.9269
EUR/GBP Yearly Trading Range: 0.8203 – 0.9269

Related Article: EUR/USD Daily Analysis and Trade Signal

EURGBP Trading Idea – 30-SEP-2022

Despite the drop in the EUR/GBP pair, the trend is bullish. The current price is near the strong support levels, and it is likely to make a recovery. Currently, the pair is ideal for buying entries using the following levels.

Signal Direction: BUY

Signal Timeframe: Daily


Entry: 0.8765

Stop-loss: 0.8659

Take Profit: 0.8871

EUR/GBP Upcoming Levels to Monitor

The bulls need a weekly closing above 0.8800 to keep control. Failing to achieve that will strengthen the bears, and the possibility of a breach below the current strong support levels will be high during the next week. On the downside, an intraday closing below 0.8740 will be a setback to the bulls.

Click here to download EURGBP’s complete smart analysis from FXDatapanel.