EUR/GBP Price Analysis: Euro holds firm near 0.86 with bullish support from moving averages

Source Fxstreet
  • EUR/GBP was last seen trading near the 0.8600 zone after modest gains in Monday’s session
  • MACD signals buy while broader momentum remains neutral
  • Support builds around 0.8560 as moving averages continue to favor bulls

The EUR/GBP pair extended its positive momentum on Monday after the European session, holding near the 0.8600 area following a 0.31% daily gain. Price action hovered mid-range between 0.8577 and 0.8624, with bulls managing to sustain control without triggering a breakout.

From a technical perspective, the MACD shows a buy signal, reinforcing the bullish tone. However, other indicators such as the Relative Strength Index (RSI) at 60, the Williams Percent Range at -34.32, and the Stochastic %K at 61.06, remain in neutral territory, pointing to a steady rather than aggressive upward bias.

The broader technical structure continues to support buyers. The 20-day SMA at 0.84937, along with the 100-day and 200-day SMAs at 0.83665 and 0.83854 respectively, confirm the bullish backdrop. Near-term averages — the 10-day EMA at 0.85657 and 10-day SMA at 0.85909 — also align with the ongoing upward trend.

On the downside, support is seen at 0.85909, followed by 0.85680 and 0.85657. If the pair manages to break above its daily peak, it could face resistance near the 0.8625 area.


Daily chart


Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin ETF Inflows For 2025 Now Outpace 2024, Data ShowsUS Bitcoin spot exchange-traded funds (ETFs) have seen more inflows this year so far compared to the same point in 2024, according to data.
Author  Bitcoinist
Jul 16, Wed
US Bitcoin spot exchange-traded funds (ETFs) have seen more inflows this year so far compared to the same point in 2024, according to data.
placeholder
Ethereum Price Forecast: BitMine holdings cross 560K ETH as ETHA hit $10 billion inflows on 1st anniversaryEthereum (ETH) moved toward the $3,780 resistance on Thursday.
Author  FXStreet
Jul 25, Fri
Ethereum (ETH) moved toward the $3,780 resistance on Thursday.
placeholder
EUR/USD remains depressed below mid-1.1700s amid trade concerns, stronger USDThe EUR/USD pair ticks lower for the second consecutive day on Friday and moves away from a nearly three-week top touched the previous day.
Author  FXStreet
Jul 25, Fri
The EUR/USD pair ticks lower for the second consecutive day on Friday and moves away from a nearly three-week top touched the previous day.
placeholder
Crypto market bulls bleed over $1B this week as record high US M2 supply, Trump’s rate cut pushThe total cryptocurrency market capitalization trades in the red by nearly 3% so far this week as bullish momentum fades.
Author  FXStreet
Jul 25, Fri
The total cryptocurrency market capitalization trades in the red by nearly 3% so far this week as bullish momentum fades.
placeholder
Bitcoin Price Bleeds As Galaxy Digital Unleashes $1.5 Billion Sell-OffBitcoin slipped from an intraday peak above $119,000 late Thursday to trade as low as $115,800 in European morning hours.
Author  NewsBTC
Jul 25, Fri
Bitcoin slipped from an intraday peak above $119,000 late Thursday to trade as low as $115,800 in European morning hours.
goTop
quote