EUR/GBP Price analysis: The euro slides about 0.8500 as the bearish pressure accumulates

• The EUR/GBP operates near the 0.8500 area after modestly sliding in Friday’s session.
• Short -term signals remain bassist despite the long -term support.
• Key support levels are maintained below, while resistance aligns just above.

The EUR/GBP pair fell on Friday, operating near the 0.8500 area after the European session, since the sales pressure remained constant. The pair settled in the middle of its daily rank, reflecting a cautious feeling despite the broader bearish tone. Short -term signals continue to weigh on the torque, while long -term mobile socks offer a more favorable background.

Technically, the pair is showing a general bearish signal. The relative force index is neutral about 45, suggesting a balanced impulse without immediate directional conviction. The indicator of convergence and divergence of mobile socks prints a clear sales signal, confirming the downward bias, while the fast RSI stock is also maintained neutral, reflecting a short -term directional lack of directional force. Meanwhile, the average directional index remains neutral, indicating that the bearish trend lacks significant force at this time.

Short -term mobile socks add low pressure. Both the 10 -day exponential mobile average and the simple mobile average are positioned above the current price and have a descending slope, reinforcing the immediate resistance. Similarly, the 20 -day simple mobile average is maintained above the current level and tends down, further limiting recovery attempts. In contrast, simple mobile socks of 100 days and 200 days in the long term are located well below the current levels and continue to point up, suggesting that the broader structural support remains intact despite short -term weakness.

Support levels are identified at 0.8470, 0.8461 and 0.8430. The resistance is 0.8483, 0.8497 and 0.8497. A sustained breakdown below the immediate support zone could deepen the mass sale, while a movement above the resistance would be necessary to challenge the prevailing bearish perspective.

Daily graph