0.846
Today
+0.04%
5 Days
-0.16%
1 Month
-1.12%
6 Months
-2.71%
Year to Date
-2.95%
1 Year
-2.92%
Opening Price
0.845Previous Closing Price
0.845
In spite of the current rebound, our pivot threshold at 0.8472 has not been hit and our target remains 0.8445
above 0.8472, look for 0.8481 and 0.8487.
In spite of the current rebound, our pivot threshold at 0.8472 has not been hit and our target remains 0.8445
The Euro (EUR) retreats further from session highs against the British Pound (GBP) on Thursday, as Eurozone Industrial Production misses expectations, while UK monthly Dros Domestic Product (GDP) figures posted a positive surprise.
The EUR/GBP cross pares gains near 0.8465 during the early European trading hours on Thursday. The British Pound edges slightly higher following the UK economic data. The Eurozone Industrial Production data and the German Buba Monthly Report are due later in the day.
EUR/GBP extends its decline on Wednesday, sliding to its lowest level since June 2025 as fiscal and political concerns in France weigh on the Euro (EUR). Traders also assess fresh remarks from central bank officials on both sides of the Channel.
The Euro (EUR) resumes its downtrend against the British Pound (GBP) as high Oil prices are hitting the common currency harder than the GBP, while concerns about France’s public debt keep investors on their toes.
Societe Generale strategists note EUR/GBP has continued its pullback after failing at the 0.8610 graphical hurdle linked to the February and March troughs. The cross has slipped below the July lows, reinforcing prevailing downside momentum.
EUR/GBP reverses earlier gains on Tuesday as fiscal and political concerns in France limit the Euro’s (EUR) upside, while the technical picture also suggests sellers remain dominant.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.