Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Back

EUR/GBP Price Analysis: Pair holds neutral bias at the start of the week

  • EUR/GBP trades near the 0.85 area after slipping during Monday’s session.
  • Momentum indicators remain mixed, with shorter-term signals leaning bearish.
  • Key support rests near 0.8498, while resistance zones cluster around 0.8525.

After Monday’s European session, the EUR/GBP pair was seen trading near the 0.85 zone, having moved lower earlier in the day. The pair slipped moderately and remains neutral overall, staying contained within today’s trading range. On the technical front, the Relative Strength Index (RSI) holds close to the 50 mark, showing neutrality, while the Moving Average Convergence Divergence (MACD) presents a sell signal. Other momentum indicators like the Williams Percent Range and the Ultimate Oscillator also display neutral stances. Meanwhile, a divergence between shorter and longer-term moving averages suggests some underlying uncertainty.

On the technical side, shorter-term pressure is evident, with the 20-day Simple Moving Average (SMA) near 0.8540 flashing a bearish signal as the pair trades beneath it. However, longer-term support persists, as both the 100-day SMA around 0.8379 and the 200-day SMA near 0.8389 continue to suggest a bullish trend over a broader horizon. The Ichimoku Base Line, flat around 0.8527, reinforces the neutral bias for now.

Support for EUR/GBP is located around the 0.8498 mark, followed by deeper cushions near 0.8482 and 0.8459. On the upside, resistance can be seen near 0.8515, with additional barriers at 0.8525 and 0.8527. Given the combination of a sell signal from the MACD and neutral readings from the Williams Percent Range and Ultimate Oscillator, the pair could remain in consolidation unless either buyers or sellers take stronger control in the next sessions.

Daily Chart

GBP/USD rallies and hovers near 1.3400 amid US Dollar weakness

The Pound Sterling begins the week positively set to end April strong, is up 0.65% as the Greenback continues to weaken and risk appetite improves. At the time of writing, the GBP/USD trades near 1.3400 after bouncing off daily lows of 1.3279.
Read more Previous

USD/CHF Price Analysis: Dollar weakens against Swiss franc amid bearish pressures

During Monday's session, USD/CHF was seen trading near the lower end of its daily range, moving around the 0.82 area after dropping by nearly half a percent. The pair continues to face a bearish overall sentiment, reinforced by the performance of technical indicators.
Read more Next