EUR/GBP is setting up for a bounce from a support zone!
Does it push higher from here, or finally break out of a months-long consolidation?
Let’s zoom in on the daily chart:
EUR/GBP Daily Chart Faster With TradingView
PMI reports from the Euro Area and the U.K. are due this week, giving us the first snapshot of their economies’ business conditions.
With both the ECB and BOE delivering hawkish surprises last week, and with the U.S.-Iran war potentially moving major currencies in different directions over the next few days, EUR/GBP is shaping up to be a currency pair to watch.
Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your homework on the British pound and the euro, then it’s time to check out the economic calendar and stay updated on daily fundamental news!
EUR/GBP has been stuck in a range since August 2025 and has just tested the .8600 psychological level, which lines up with range support.
If the pair keeps printing green candlesticks, EUR/GBP could be on track to retest the .8730 mid-range zone near the .8718 Pivot Point line and the 200 SMA. Then, if bullish momentum builds, then a move back toward the .8850 range resistance and the R1 (.8825) Pivot Point line is on the table.
Of course, this could just be a breather for the bears. If EUR/GBP retests and breaks below the .8700 support zone, then it could slide toward the .8550 area of interest near the S2 Pivot Point, if not the .8400 previous area of interest.
Whichever bias you end up trading, don’t forget to practice proper risk management and stay aware of top-tier catalysts that could influence overall market sentiment.
Promoted: The Analysis & Strategy are only half the Battle; Your Mindset is the Rest.
Today’s chart art zooms in on EUR/GBP’s range support. But as any pro will tell you, even the cleanest breakout or rejection setup can fall apart if the trader doesn’t stay disciplined when price starts testing the level.
In “Unknown Market Wizards,” Jack Schwager interviews successful traders to reveal a common truth: their edge isn’t just knowledge or skills—it’s their psychological resilience and rigid risk control. Whether you’re navigating tariff shocks or safe haven flows into the franc, learn how the “wizards” stay clinical when the rest of the market is emotional.
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Please be aware that the technical analysis content provided herein is for informational and educational purposes only. It should not be construed as trading advice or a suggestion of any specific directional bias. Technical analysis is just one aspect of a comprehensive trading strategy. The technical setups discussed are intended to highlight potential areas of interest that other traders may be observing. Ultimately, all trading decisions, risk management strategies, and their resulting outcomes are the sole responsibility of each individual trader. Please trade responsibly.
