EUR/GBP Price Analysis: Mixed signals from indicators, eyes on bullish crossover

EUR/GBP marginally rose to 0.8520 after two sessions of losses.
Technical indicators present a neutral outlook for the short term.
Traders should track a potential bullish crossover between the 20 and 100-day SMA at around 0.8500.

Patricio Martín FXStreet

Monday's trading saw the EUR/GBP pair fluctuate within a narrow range, with a marginal rise to 0.8520. This movement followed a two-day losing streak for the pair.

The EUR/GBP pair suggests a mix of bullish and bearish signals. The Relative Strength Index (RSI) is currently at 53, indicating a slight upward trend in buying pressure. However, the Moving Average Convergence Divergence (MACD) has printed a fresh red bar, suggesting a potential shift towards bearish momentum. Volume patterns have been mixed, with recent sessions exhibiting lower volume compared to large spikes observed earlier in the month.

EUR/GBP daily chart

The EUR/GBP pair has been consolidating within a range of 0.8500-0.8550 for the last few sessions. A breakout above 0.8550 could indicate a potential bullish trend, while a break below 0.8500 may increase the likelihood of further downward movement. Key support levels to watch include 0.8450 and 0.8400, while resistance levels to consider include 0.8580 and 0.8600.

A bullish catalyst might be a crossover about to be completed between the 20 and 100-day Simple Moving Averages (SMA) at around 0.8500. This could firstly propel the pair upwards as well as build support around the mentioned psychological level.

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.