S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
- EUR/GBP trades near the 0.8500 zone after Friday’s European session.
- Despite a slight intraday pullback, broader signals maintain a bullish tone.
- Resistance seen near 0.8550; support clustered around the 0.8530–0.8520 area.
The EUR/GBP pair was seen trading near the 0.8500 mark during Friday’s session, edging lower intraday yet holding within the mid-range of 0.8511 to 0.8548. Investors appear cautious amid a light macroeconomic backdrop, with the pair moving in sync with subtle shifts in broader market sentiment.
Technically, the pair continues to exhibit a bullish structure despite the minor pullback. The 20, 100, and 200-day simple moving averages — currently at 0.8533, 0.8377, and 0.8388 respectively — all tilt upward, underscoring long-term strength. This is further backed by the 30-day exponential moving average and 30-day simple average, reinforcing a bullish bias around the 0.8498 and 0.8479 zones.
Momentum indicators show a more cautious outlook. The Relative Strength Index holds neutral, while the MACD hints at a possible bearish shift. The Stochastic %K and Commodity Channel Index also remain neutral, suggesting that directional conviction may be limited in the short term.
Support is stacked around 0.8533, 0.8533, and 0.8527, while resistance lies at 0.8553, 0.8556, and 0.8565. Traders may look for a clear break above the resistance cluster to confirm renewed upside interest. Until then, the pair may continue to oscillate within its current range, awaiting a catalyst.
Daily Chart
