- The EUR/GBP pair maintains its bullish momentum and is trading at 0.8731, while consolidating the 0.8700 level as crucial support.
- The pair is showing a bullish bias, but failure to break above the 0.8755 high could invite bearish activity.
- Key levels to watch include resistance at 0.8800 and 0.8834, with support at the 200-DMA of 0.8688 and the 50-DMA of 0.8657.
He EUR/GBP rose during the Friday session, extending its recovery to five consecutive days, gaining 0.89% so far on the week, consolidating the psychological level of 0.8700 as solid support for the next week. At the time of writing, the pair is trading at 0.8731, up 0.13%.
The EUR/GBP pair is bullish, but downside risks remain. Unless buyers reclaim today’s high at 0.8755, bears are on the prowl. In case of a bullish resumption, the first resistance of the crossover would be the 0.8800 level, followed by the May 3 high at 0.8834, followed by the April 25 high at 0.8875.
Conversely, if EUR/GBP falls below 0.8700, the first support would be the 200-day moving average (DMA), previously broken at 0.8688, followed by the 50-DMA at 0.8657, before dipping to the latest low of the cycle at 0.8649.
EUR/GBP Price Analysis – Daily Chart
EUR/GBP technical levels
EUR/GBP
Overview | |
---|---|
Latest price today | 0.8738 |
Today I change daily | 0.0010 |
Today’s daily variation | 0.11 |
Today’s daily opening | 0.8728 |
Trends | |
---|---|
daily SMA20 | 0.8698 |
daily SMA50 | 0.8655 |
SMA100 daily | 0.862 |
SMA200 daily | 0.869 |
Levels | |
---|---|
Previous daily high | 0.873 |
Previous daily low | 0.8693 |
Previous weekly high | 0.8754 |
Previous weekly low | 0.8664 |
Previous Monthly High | 0.8754 |
Previous monthly low | 0.8616 |
Daily Fibonacci 38.2 | 0.8716 |
Fibonacci 61.8% daily | 0.8707 |
Daily Pivot Point S1 | 0.8704 |
Daily Pivot Point S2 | 0.868 |
Daily Pivot Point S3 | 0.8667 |
Daily Pivot Point R1 | 0.8741 |
Daily Pivot Point R2 | 0.8754 |
Daily Pivot Point R3 | 0.8778 |
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.