- EUR/GBP trading near 0.8500 zone after slipping moderately in Friday session.
- Short-term signals remain bearish despite mixed long-term support.
- The main levels of support hold below, while the resistance is only aligned above.
The EUR/GBP The pair was lower on Friday, trading near the 0.8500 zone after the European session while the sale of pressure remained consistent. The pair is fixed within the middle of its sunset, which reflects careful emotions despite the broader bearish tone. Short-term signals will continue to weigh in pairs, while the longer moving averages offer a more supportive backdrop.
Technically, the pair shines a general signal. The Kaba -Child Index Index (RSI) is neutral near 45, suggesting a balanced momentum without immediate belief in the direction. The transfer of average convergence (MACD) prints a clear sale signal, confirming the downside bias, while the stochastic RSI is also rapidly holding neutral, reflecting a lack of short-term direction. Meanwhile, the average direction index remains neutral, indicating that the bearish trend has no significant strength right now.
Short -term moving averages increase the downside pressure. Both 10-day exponential and simple moving averages are positioned above the current price and slopes down, strengthening immediate resistance. Similarly, the 20-day simple transfer of average remains above the area and lower trends, additional recovery attempts. In contrast, the longer 100-day and 200-day simple moving averages sit well below the current levels and continue to point upwards, suggesting that greater structural support remains intact despite short-term weakness.
Support levels were identified at 0.8470, 0.8461, and 0.8430. The resistance stands at 0.8483, 0.8497, and 0.8497. A prolonged rest under immediate zone support can be deepened perspective.
Sunny chart
