EUR/GBP Price analysis: the bulls maintain their position despite mixed signs after the European session

  • The EURGBP operates near the 0.8550 area, maintaining modest daily profits after the European session on Thursday.
  • The bullish impulse is backed by positive signals of key mobile socks despite mixed indicators.
  • The support is about 0.8525–0.8527; The resistance is limited by the region of 0.8550–0.8560.

The EURGBP pair moved constantly near the 0.8550 zone on Thursday, maintaining slight intradic earnings after the European session. The broader context remains dominated by holders related to the Fed, with investors reacting to the cautious comments of Governor Waller on tariffs and their economic implications. Meanwhile, the weakness of the US dollar after contradictory messages about Trump and Besent tariffs helped to raise the euro modestly, although not without hesitations.

From a technical point of view, the EURGBP is showing a general bullish signal despite intra -consolidation. The torque is sailing in the average range of 0.8534 to 0.8565, with the relative force index (RSI) in approximately 54 and indicating a neutral impulse. The MACD continues to show a slight sale signal, however, this is contrasted with a slight purchase pressure of the Bull Bear Power. The average directional index (ADX) remains below the trend threshold, confirming the lack of directional force.

However, a key element of support for the upward case lies in mobile socks. Simple mobile stockings of 20 days, 100 days and 200 days at 0.8525, 0.8374 and 0.8388 are respectively aligned up. Similarly, exponential and simple mobile socks of 30 days – at 0.8495 and 0.8475 – reinforce the ascending structure.

Daily graph

Source: Fx Street

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