Eur/GBP price analysis: the torque maintains a neutral bias at the beginning of the week

• The EUR/GBP operates near the 0.85 zone after falling during Monday’s session.
• Momentum indicators remain mixed, with short -term signals leaning down.
• The key support is about 0.8498, while the resistance areas are grouped around 0.8525.

After the European session on Monday, it was observed that the EUR/GBP pair quoted near the 0.85 zone, having dropped earlier in the day. The pair fell moderately and remains neutral in general, remaining inside a range today. In the Technical Front, the Relative Force Index (RSI) remains close to the 50 brand, showing neutrality, while the indicator of convergence/divergence of mobile socks (MACD) has a sales signal. Other Momentum indicators such as the percentage range of Williams and the ultimate oscillator also show neutral positions. Meanwhile, a divergence between short and long term mobile socks suggests some underlying uncertainty.

On the technical side, the short -term pressure is evident, with the simple mobile average (SMA) about 0.8540 showing a bearish signal while the pair operates below it. However, long -term support persists, since both the 100 -day SMA around 0.8379 and the 200 -day SMA about 0.8389 continue to suggest a bullish trend in a broader horizon. The baseline of Ichimoku, flat around 0.8527, reinforces the neutral inclination for now.

The support for the EUR/GBP is around the 0.8498 brand, followed by deeper cushions about 0.8482 and 0.8459. On the positive side, the resistance can be seen about 0.8515, with additional barriers at 0.8525 and 0.8527. Given the combination of a MACD sales signal and neutral readings of the percentage range of Williams and the ultimate oscillator, the torque could remain in consolidation unless buyers or vendors take stronger control in the next sessions.

EUR/GBP daily graphics