EUR/GBP is trading below the MA at 0.8380 – Société Générale

FXStreetMar 28, 2025 1:52 PM

View all comments（0）



EUR/GBP attempted a cross above its 200-DMA earlier this month but has faced strong resistance near 0.8450 and has once again dipped below the MA (0.8380), Société Générale's FX analysts note.

If a break above 0.8380 fails, there's a risk of continuation in pullback

"Interestingly, it has witnessed multiple failed breakouts above this MA since 2023 and the downtrend has gradually persisted after these failures. If the pair struggles to establish above 0.8380, there could be risk of continuation in pullback. Next short-term supports are located at 0.8320, the 61.8% retracement from February and 0.8285."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Korean Stocks Trigger Circuit Breakers Twice in a Single Day; SK Hynix and Samsung Electronics Both Plunge 12%, Kioxia Tumbles Over 15%

Japanese and South Korean stock markets suffered a "Black Tuesday," as the KOSPI Index, Nikkei 225, Samsung Electronics, and Kioxia all plummeted.

South Korean Stocks Plunge to Trigger Circuit Breaker, Samsung and Hynix Suffer Bloodbath

The South Korean stock market triggered its second circuit breaker of June, as Samsung and SK Hynix were also hit by panic selling.

Accenture (ACN) Crashed 18% After Earnings — Is a Forward P/E Below 10 a Buying Opportunity?

TradingKey - Accenture stock plunged 17.97% after Q3 earnings despite an EPS beat and $3.6B in free cash flow. With RSI at 20.86 and forward P/E below 10, investors are asking whether ACN's selloff has gone too far.

Micron Technology (MU): What to Expect From the June 24 Earnings Report

TradingKey - Micron reports Q3 FY2026 earnings on June 24. Analysts expect EPS near $20 and revenue of $34.7B as investors focus on HBM4 demand, Nvidia's Vera Rubin platform, margins and FY2027 guidance.

SpaceX Stock Forecast: SPCX Falls From $225 to $206 as Former Nasdaq Chief Warns It’s Not Trading on Fundamentals

TradingKey - SpaceX SPCX hit an intraday high of $225.64 on June 16 before pulling back to $205.96. Former Nasdaq CEO Robert Greifeld says SPCX trades on aspiration, not fundamentals. RKLB joins Nasdaq-100 in 5 days. Fib target $222.80.

Featured Tools