EUR/GBP Price Forecast: Euro appreciates, approaching highs at 0.8740
|- EUR/GBP appreciates further on Wednesday to test weekly highs at 0.8740.
- The pair is on track to a 5.5% yearly appreciation in 2025.
- Key resistance remains at December's peak in the 0.8800 area.
The EUR/GBP is trading higher for the second consecutive day on a holiday-thinned trading session on Wednesday. The pair has reached levels above 0.8730, after bouncing from mid-term lows near 0.8700 to test weekly highs in the 0.8740 area at the time of writing.
The Euro is behaving better than the Pound amid a moderately cautious market, in the absence of key fundamental drivers. Looking from a wider perspective, the pair remains 0.7% below mid-December highs but on track to close the year with a 5.5% appreciation.
Technical Analysis: Bulls are likely to be challenged above 0.8740
In the 4-hour chart, EUR/GBP trades at 0.8735, little changed on a daily basis. The Moving Average Convergence Divergence (MACD) has turned positive around the zero line, suggesting a strengthening bullish momentum. The RSI prints 57, rising above the 50 midline and pointing to improving upside pressure.
Immediate resistance aligns with last Monday's high, at 0.8739, which is likely to test the strength of the pair's recovery. Further up, the next targets are the December 19 high, at 0.8773, and the key resistance area around 0.8800 (December 2, 16, and 17 highs)
Support is seen at Tuesday's low of 0.8706, ahead of the mid-October lows between 0.8655 and 0.8665.
(The technical analysis of this story was written with the help of an AI tool)
Pound Sterling Price Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.00% | 0.21% | 0.11% | 0.07% | 0.17% | 0.44% | 0.09% | |
| EUR | -0.00% | 0.19% | 0.09% | 0.08% | 0.16% | 0.43% | 0.08% | |
| GBP | -0.21% | -0.19% | -0.11% | -0.14% | -0.03% | 0.24% | -0.10% | |
| JPY | -0.11% | -0.09% | 0.11% | -0.03% | 0.08% | 0.34% | 0.01% | |
| CAD | -0.07% | -0.08% | 0.14% | 0.03% | 0.11% | 0.35% | 0.03% | |
| AUD | -0.17% | -0.16% | 0.03% | -0.08% | -0.11% | 0.26% | -0.08% | |
| NZD | -0.44% | -0.43% | -0.24% | -0.34% | -0.35% | -0.26% | -0.34% | |
| CHF | -0.09% | -0.08% | 0.10% | -0.01% | -0.03% | 0.08% | 0.34% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.