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

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.

Patricio Martín FXStreet

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

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.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

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.