EUR/GBP Technical Analysis: Set-up points to extension of the recent positive momentum

Haresh Menghani FXStreet

• The cross continued with its consolidative price action just three-week tops and has been making higher lows on intraday charts, forming a bullish ascending triangle.

• Given that the cross is holding comfortably above important daily moving averages - 50, 100 & 200-day SMAs, add credence to the near-term constructive outlook.

• Meanwhile, bullish technical indicators on hourly/daily charts further support prospects for an extension of the pair's strong momentum witness last week.

EUR/GBP 15-mins chart

EUR/GBP

Overview:
    Last Price: 0.8917
    Daily change: 6.0 pips
    Daily change: 0.0673%
    Daily Open: 0.8911
Trends:
    Daily SMA20: 0.8812
    Daily SMA50: 0.8834
    Daily SMA100: 0.8884
    Daily SMA200: 0.8836
Levels:
    Daily High: 0.8926
    Daily Low: 0.8886
    Weekly High: 0.8906
    Weekly Low: 0.8656
    Monthly High: 0.8942
    Monthly Low: 0.8722
    Daily Fibonacci 38.2%: 0.8911
    Daily Fibonacci 61.8%: 0.8902
    Daily Pivot Point S1: 0.8889
    Daily Pivot Point S2: 0.8868
    Daily Pivot Point S3: 0.8849
    Daily Pivot Point R1: 0.893
    Daily Pivot Point R2: 0.8948
    Daily Pivot Point R3: 0.897

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.