TRENDING:

GBP/USD

XAU/USD

EUR/GBP technical analysis: Euro has room to the upside against Sterling

EUR/GBP is finding some footing near the October lows.
The level to beat for bulls is the 0.8680 resistance.

Flavio Tosti Independent Analyst

EUR/GBP daily chart

EUR/GBP, on the daily chart, is trading in a downtrend below its main daily simple moving averages (DMAs). In the last weeks of trading, the euphoria of a Brexit deal sent the market below the 0.8600 handle.

EUR/GBP four-hour chart

EUR/GBP is trading below the 100 and 200 SMAs, suggesting a bearish bias in the medium term. In the medium term horizon, only a daily close below the 0.8575 support can potentially lead the market to the 0.8500 handle, according to the Technical Confluences Indicator.

EUR/GBP 30-minute chart

EUR/GBP is trading above its 200 SMA, suggesting a bullish bias in the near term. Next week bulls can try to reach the 0.8680, 0.8700 and 0.8720 on the way up, according to the Technical Confluences Indicator.

Additional key levels

EUR/GBP

Overview
Today last price	0.864
Today Daily Change	0.0000
Today Daily Change %	0.00
Today daily open	0.864

Trends
Daily SMA20	0.8778
Daily SMA50	0.8897
Daily SMA100	0.896
Daily SMA200	0.8817

Levels
Previous Daily High	0.868
Previous Daily Low	0.86
Previous Weekly High	0.8814
Previous Weekly Low	0.8575
Previous Monthly High	0.915
Previous Monthly Low	0.8786
Daily Fibonacci 38.2%	0.8649
Daily Fibonacci 61.8%	0.863
Daily Pivot Point S1	0.86
Daily Pivot Point S2	0.856
Daily Pivot Point S3	0.852
Daily Pivot Point R1	0.8679
Daily Pivot Point R2	0.8719
Daily Pivot Point R3	0.8759

Author

Flavio Tosti

Independent Analyst

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD trims gains, nears 1.1700

The EUR/USD pair eases in the American afternoon and approaches the 1.1700 mark. The pair surged earlier in the day after the ECB left interest rates unchanged and upwardly revised inflation and growth figures. The US CPI rose 2.7% YoY in November, nearing Fed’s goal.

GBP/USD steadies below 1.3400 as traders digest BoE policy update and US inflation data

The GBP/USD pair stalls the previous day's pullback from the vicinity of mid-1.3400s and a nearly two-month high, though it struggles to attract meaningful buyers during the Asian session on Friday. Spot prices currently trade around the 1.3380-1.3385 region, up only 0.05% for the day, amid mixed cues.

Gold declines despite Fed rate cut hopes as US inflation cools

Gold price keeps pushing lower below $4,350 in Asian trading hours on Friday. The precious metal stays in the red due to some profit-taking and weak long liquidation from shorter-term futures traders.

Top Crypto Losers: Pump.fun, Pudgy Penguins, and Hyperliquid extend bearish streak

Pump.fun, Pudgy Penguins, and Hyperliquid lose ground in an extended bearish streak, recording double-digit losses this week. The surprise drop in the November US Consumer Price Index to 2.7%, beating expectations of 3.1%, fueled a rally in the stock market.

Bank of England cuts rates in heavily divided decision

The Bank of England has cut rates to 3.75%, but the decision was more hawkish than expected, leaving market rates higher and sterling slightly stronger. It's a close call whether the Bank cuts again in February or March.

Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.