- The EUR/GBP operates near the 0.8600 area after having climbed during the session on Wednesday
- The MACD prints a purchase signal, while the RSI and the oscillators remain neutral
- The support is aligned at 0.85434, with resistance forming near the area of 0.85890
The EUR/GBP pair extended its upward impulse during Wednesday’s session, rising to the 0.8600 area after a daily gain of 0.45%. The price action remained in an average range between 0.85193 and 0.85765, with the upward tone backed by the widest structure of the mobile average, even when the short -term oscillators indicated some hesitation.
The Relative Force Index (RSI) remains at 59.62, reflecting a neutral impulse, while the Mobile Sox Convergence/Divergence indicator is currently generating a new purchase signal. However, the raw material channel index at 60.04 and the amazing oscillator at 0.02 remain in neutral territory, without adding a clear directional conviction.
On the side of the trend, the structure remains constructive. The 20 -day SMA at 0.84562, the 100 -day SMA at 0.83551 and the 200 -day SMA at 0.83799 are all inclined upwards, confirming the underlying bullish pressure. An additional short -term support is provided by the 10 -day exponential mobile average at 0.85434 and the 10 -day SMA at 0.85599.
Daily graph
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
