EUR/GBP Price Analysis: Holds bullish tone despite minor decline

Source Fxstreet
  • EUR/GBP trades near the 0.8600 zone after easing modestly post-European session.
  • Momentum indicators send mixed signals, but moving averages remain aligned to the upside.
  • Support rests at 0.8577, 0.8570, and 0.8546; resistance is seen near 0.8591.

The EURGBP pair is exhibiting a bullish overall signal, currently trading around the 0.8600 area after slipping slightly during Tuesday’s session following the European close. The pair remains comfortably mid-range between the day’s low of 0.8569 and the upper boundary near 0.8611, suggesting consolidation within an upward trend.

Technically, momentum indicators are mixed. The Relative Strength Index (RSI) holds neutral near the 58 level, while the MACD continues to print a buy signal. However, the Stochastic RSI is also neutral, and the Momentum indicator tilts slightly bearish, hinting at some hesitation among buyers in the short term.

Still, the broader technical backdrop remains constructive. The 20-day, 100-day, and 200-day Simple Moving Averages (SMAs), located at 0.8506, 0.8369, and 0.8386 respectively, are all pointing upward. Bullish confirmation also comes from the 10-day and 30-day Exponential Moving Averages (EMAs), holding above 0.8569 and 0.8490, reinforcing near-term strength.

Support is seen at 0.8577, followed by 0.8570 and 0.8546. On the upside, resistance is expected around the 0.8591 area. The overall bias remains positive so long as price holds above key averages heading into the Asian session.


EUR/GBP Daily chart



Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ripple (XRP) Price Sees a Surge, Solana Targets $600 in 2025 as Investors Increase Focus on New AltcoinThe cryptocurrency market is showing renewed momentum as Ripple (XRP) experiences a significant price surge, and Solana (SOL) sets its sights on a bold $600 target by 2025. Meanwhile, a rising altcoin, Lightchain AI, is capturing investor attention with its innovative ecosystem and strong presale performance, making it a compelling choice for forward-looking investors. Ripple […]
Author  Cryptopolitan
Jan 15, Wed
The cryptocurrency market is showing renewed momentum as Ripple (XRP) experiences a significant price surge, and Solana (SOL) sets its sights on a bold $600 target by 2025. Meanwhile, a rising altcoin, Lightchain AI, is capturing investor attention with its innovative ecosystem and strong presale performance, making it a compelling choice for forward-looking investors. Ripple […]
placeholder
What Crypto Whales are Buying For May 2025Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Author  Beincrypto
Apr 21, Mon
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
placeholder
Analysts Highlight 4 Reasons Why ETH Price Could Rebound Strongly in MayEthereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
Author  Beincrypto
May 07, Wed
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
placeholder
Ethereum Price Ready to Surge—$2,000 Level Could Be Within ReachEthereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
Author  NewsBTC
May 08, Thu
Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
placeholder
Ethereum Price Explodes Past $2,200 with 25% Surge—Momentum Builds FastEthereum price started a fresh surge above the $2,000 zone. ETH is now up over 25% and consolidating gains near the $2,200 zone. Ethereum started a fresh surge above the $2,000 resistance.
Author  NewsBTC
May 09, Fri
Ethereum price started a fresh surge above the $2,000 zone. ETH is now up over 25% and consolidating gains near the $2,200 zone. Ethereum started a fresh surge above the $2,000 resistance.
Related Instrument
goTop
quote