EUR/GBP Price Analysis: Eyes deeper loss on a sustained move below 0.8650

EUR/GBP is under pressure in the early European session.
More downside envisioned if the spot breaks below the 0.8650 mark.
MACD remains neutral and asks for a wait-and-watch approach.

Rekha Chauhan Independent Analyst

The EUR/GBP cross remains under intense selling pressure in the early European session. The cross extended the previous day’s losses and held onto the crucial 0.8650 psychological mark.

At the time of writing, EUR/GBP is trading at 0.8654, down 0.51% on the day.

EUR/GBP four-hour chart

On the four-hour chart, the cross is extending declines from the daily highs of 0.8700. If prices defend the 0.8650 psychological mark, then a rebound could be expected, first to the intraday highs at 0.8700

The next on the card would be the 0.8720 horizontal resistance zone.

On the flip side, if prices follow the receding Moving Average Convergence Divergence (MACD), then it would be directed toward Thursday’s low in the vicinity of 0.8630 area.

The price action could open the gates for the 0.8600 horizontal support zone, followed by April 7 lows at 0.8582.

EUR/GBP Additional Levels

EUR/GBP

Overview
Today last price	0.8653
Today Daily Change	-0.0047
Today Daily Change %	-0.54
Today daily open	0.87

Trends
Daily SMA20	0.8675
Daily SMA50	0.8621
Daily SMA100	0.8742
Daily SMA200	0.889

Levels
Previous Daily High	0.8701
Previous Daily Low	0.8666
Previous Weekly High	0.8711
Previous Weekly Low	0.8624
Previous Monthly High	0.872
Previous Monthly Low	0.8472
Daily Fibonacci 38.2%	0.8687
Daily Fibonacci 61.8%	0.8679
Daily Pivot Point S1	0.8677
Daily Pivot Point S2	0.8654
Daily Pivot Point S3	0.8642
Daily Pivot Point R1	0.8712
Daily Pivot Point R2	0.8724
Daily Pivot Point R3	0.8748

Author

Rekha Chauhan

Independent Analyst

Rekha Chauhan has been working as a content writer and research analyst in the forex and equity market domain for over two years.

EUR/USD: US Dollar comeback in the makes?

The US Dollar stands victorious at the end of another week, with the EUR/USD pair trading near a four-week low of 1.1742, while the USD retains its strength despite some discouraging American data released at the end of the week. The pair edged higher on Friday, after the United States Supreme Court ruled against President Donald Trump's tariffs, although the advance is not enough to change the latest USD flow.

GBP/USD braces for more pain, as 200-day SMA tested

GBP/USD broke the previous week’s consolidation to the downside, as sellers returned with pomp, smashing the major back toward the levels last seen in late January. The pair tested bids below the 1.3450 barrier as the US Dollar strength largely played out throughout the week, while the Pound Sterling stepped back on expectations of divergent monetary policy outlooks between the Bank of England and the US Federal Reserve.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.

Week ahead: Markets brace for heightened volatility as event risk dominates

Dollar strength dominates markets as risk appetite remains subdued. A Supreme Court ruling, geopolitics and Fed developments are in focus. Pivotal Nvidia earnings on Wednesday as investors question tech sector weakness. Yen and aussie diverge; both pound and euro could recoup their losses.

Broadening drivers of growth: Unpacking GDP and looking ahead

This week’s data delivered a familiar theme with an important twist. The U.S. economy continues to be shaped by powerful forces in high-tech and AI-related investment, but recent releases suggest the growth story may finally be broadening. At the same time, trade flows are moving in a less supportive direction, reminding us that not all parts of the economy are pulling in sync.

Ripple bulls defend key support amid waning retail demand and ETF inflows

XRP ticks up above $1.40 support, but waning retail demand suggests caution. XRP attracts $4 million in spot ETF inflows on Thursday, signaling renewed institutional investor interest.