EUR/GBP Price Analysis: Bearish sentiment prevails, daily and hourly trends lean negative

The daily chart reveals a mostly bearish environment with somewhat flat indicators.
The hourly chart analysis depicts a potential bearish shift with the RSI reading close to the neutral-negative zone.

Patricio Martín FXStreet

The EUR/GBP pair is currently trading at 0.8550, with minor losses on Friday’s session. The sellers are exerting their presence as bullish momentum remains weak and the fact that the cross remains below its main Simple Moving Averages (SMAs) of 20,100 and 200-days contributes to the bearish bias.

On the daily chart, the Relative Strength Index (RSI) currently resides in negative territory but stands flat while the Moving Average Convergence Divergence (MACD) prints neutral green bars, suggesting stagnant momentum. This demonstrates the trend might continue in the near term.

EUR/GBP daily chart

Moving to the hourly chart, the RSI shows a mixed trend with readings ranging from 33 and then recovering to 50 standing on the edge of the neutral-negative territory. Coupled with flat green bars on the MACD histogram, there might be a shift towards a bearish momentum after the bulls' short recovery during the European session.

EUR/GBP hourly chart

In conclusion, both the daily and hourly analyses point to a primarily negative trend for EUR/GBP, albeit with potential hourly fluctuations. If the buyers want to avoid losses they should reclaim the 200-day SMA around 0.8550 and build support around it.

EUR/GBP

Overview
Today last price	0.8548
Today Daily Change	0.0002
Today Daily Change %	0.02
Today daily open	0.8546

Trends
Daily SMA20	0.8551
Daily SMA50	0.8548
Daily SMA100	0.8595
Daily SMA200	0.8608

Levels
Previous Daily High	0.8571
Previous Daily Low	0.8544
Previous Weekly High	0.8602
Previous Weekly Low	0.853
Previous Monthly High	0.8578
Previous Monthly Low	0.8498
Daily Fibonacci 38.2%	0.8554
Daily Fibonacci 61.8%	0.8561
Daily Pivot Point S1	0.8537
Daily Pivot Point S2	0.8527
Daily Pivot Point S3	0.851
Daily Pivot Point R1	0.8564
Daily Pivot Point R2	0.858
Daily Pivot Point R3	0.859

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.