- The Euro strengthens, trading above the 200-day SMA at 0.8425, signaling bullish momentum against the Pound.
- Bulls aim for Jan 15 high at 0.8463; breaking this could extend to 0.8500 and higher.
- If EUR/GBP falls below the 200-day SMA, it could drop to 0.8400, with support at the January 14 low of 0.8383.
The Euro extended its gains against the British Pound on Friday, posting consecutive bullish bars and rising above the crucial 200-day SMA at 0.8425. This indicates that bullish momentum is building as EUR/GBP trades at 0.8443.
EUR/GBP Technical Outlook
The bulls are in charge but must overcome the January 15 peak at 0.8463. Once surpassed, the next stop will be 0.8500. A break of the latter will expose intermediate resistance at the August 21 peak of 0.8544, followed by the August 14 high at 0.8593.
On the contrary, if EUR/GBP falls below the 200-day SMA, sellers may challenge 0.8400. With further weakness, the next support will be the January 14 low of 0.8383.
EUR/GBP Daily Chart
Euro PRICE Today
The table below shows the percentage change of the Euro (EUR) against the main currencies today. Euro was the strongest currency against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.18% | 0.45% | 0.45% | 0.26% | 0.40% | 0.50% | 0.31% | |
| EUR | -0.18% | 0.26% | 0.27% | 0.07% | 0.22% | 0.31% | 0.13% | |
| GBP | -0.45% | -0.26% | 0.02% | -0.19% | -0.04% | 0.04% | -0.13% | |
| JPY | -0.45% | -0.27% | -0.02% | -0.18% | -0.05% | 0.05% | -0.13% | |
| CAD | -0.26% | -0.07% | 0.19% | 0.18% | 0.13% | 0.23% | 0.06% | |
| AUD | -0.40% | -0.22% | 0.04% | 0.05% | -0.13% | 0.09% | -0.10% | |
| NZD | -0.50% | -0.31% | -0.04% | -0.05% | -0.23% | -0.09% | -0.18% | |
| CHF | -0.31% | -0.13% | 0.13% | 0.13% | -0.06% | 0.10% | 0.18% |
The heat map shows percentage changes for major currencies. The base currency is selected from the left column, while the quote currency is selected from the top row. For example, if you choose the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change shown in the box will represent EUR (base)/USD (quote).
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.
