- EUR/GBP quotes near the 0.8600 zone, relieving slightly after the European session.
- Despite today’s fall, the widest structure remains bullish with support support.
- The support is observed at 0.8550 and 0.8526, while the resistance is at 0.8564 and 0.8591.
The EUR/GBP pair was relieved slightly on Wednesday, sliding towards the lower end of its recent consolidation range after the European session. The torque was last seen around the 0.8600 area, reflecting a slight setback within a technical configuration still up.
Impulse indicators are offering mixed signals. The relative force index is around 55, indicating a neutral tone, while the MACD is currently printing a sales signal. The ultimate oscillator and the average directional index also remain in neutral territory, suggesting a clear short -term directional lack of directional conviction.
Despite this, the broader trend remains constructive. The simple mobile average of 20 days at 0.8516, together with the 100 -day at 0.8372 and the 200 -day at 0.8387, they all point up. These longest signals are reinforced by bullish inputs of the 30 -day exponential mobile average at 0.8493 and the 30 -day SMA at 0.8470.
The key support levels are found at 0.8550, 0.8527 and 0.8526. On the positive side, the immediate resistance is located at 0.8564, with additional barriers at 0.8569 and 0.8591. For now, the torque remains within a range, but maintains a bullish inclination while staying above the 0.8500 area.
EUR/GBP daily graphics
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.
