- EUR/GBP trades at 0.85 in the area after Monday session.
- The momentum indicators are mixed, with shorter -term signals prone to cover.
- The key support is close to 0.8498, while the resistance zones are 0.8525.
After Monday in the European session, the EUR/GBP pair was seen trading near 0.85 zones, moving lower at the beginning of the day. The couple slipped moderately and is generally neutral, remaining in today's trading range. On the technical side, the relative strength index (RSI) is close to the 50 limit, showing neutrality, while the moving average approach (MACD) provides a sales signal. Other impulsive figures, such as Williams percentage and ultimate oscillator, are also neutral attitudes. Meanwhile, the difference in shorter and long -term moving medium is indicated by some insecurity.
On the technical side, there is an obvious shorter pressure, a 20-day simple mobile medium (SMA) near 0.8540 flashes a cary signal when the couple trades underneath. However, long-term support persists, as both 100-day SMA about 0.8379 and 200-day near SMA near SMA 0.8389 continue to refer to the bullish trend above the wider horizon. The base line of Ichimoku, about 0.8527, currently strengthens neutral bias.
EUR/GBP support is about 0.8498 marks followed by deeper pillows near 0.8482 and 0.8459. From the back, an obstacle can be seen near 0.8515, with additional barriers of 0.8525 and 0.8527. Given the combination of the MACD sales signal and Williams percentage range and the ultimate oscillator, the couple may remain in consolidation if buyers or sellers do not take stronger controls in the following sessions.
Daily chart
