EUR/GBP is trading below the MA at 0.8380 – Société Générale

Source Fxstreet

EUR/GBP attempted a cross above its 200-DMA earlier this month but has faced strong resistance near 0.8450 and has once again dipped below the MA (0.8380), Société Générale's FX analysts note. 

If a break above 0.8380 fails, there's a risk of continuation in pullback

"Interestingly, it has witnessed multiple failed breakouts above this MA since 2023 and the downtrend has gradually persisted after these failures. If the pair struggles to establish above 0.8380, there could be risk of continuation in pullback. Next short-term supports are located at 0.8320, the 61.8% retracement from February and 0.8285."
 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
EUR/USD advances to 1.1485 region, fresh high since February 2022 amid bearish USDThe EUR/USD pair breaks out through a multi-day-old trading range and touches a fresh high since February 2022, around the 1.1485 area during the Asian session on Monday.
Author  FXStreet
Yesterday 02: 20
The EUR/USD pair breaks out through a multi-day-old trading range and touches a fresh high since February 2022, around the 1.1485 area during the Asian session on Monday.
placeholder
Gold Price Forecast: XAU/USD climbs to near $3,350 on uncertainty about Trump's tariff policiesThe Gold Price (XAU/USD) drifts higher to near $3,350 during the early Asian session on Monday after facing some profit-taking due to the long weekend. Uncertainty about US President Donald Trump's tariff policies and persistent geopolitical tensions continue to underpin the precious metal. 
Author  FXStreet
Yesterday 02: 21
The Gold Price (XAU/USD) drifts higher to near $3,350 during the early Asian session on Monday after facing some profit-taking due to the long weekend. Uncertainty about US President Donald Trump's tariff policies and persistent geopolitical tensions continue to underpin the precious metal. 
placeholder
Bearish Case For Bitcoin: Analyst Warns Falling Wedge Is A Whale Trap That Could Drag Price To $67kBitcoin has spent the past seven days trying to hold near $85,000, with a trading range between $83,200 and $86,000. Buying momentum has turned positive in the past 24 hours, but an interesting
Author  NewsBTC
Yesterday 02: 25
Bitcoin has spent the past seven days trying to hold near $85,000, with a trading range between $83,200 and $86,000. Buying momentum has turned positive in the past 24 hours, but an interesting
placeholder
Solana Price Surges Toward $140 — Here’s The Resistance Level To WatchThe Solana price was one of the few highlights in a generally choppy crypto market over the past week. While most large-cap assets were stuck in a consolidation range in the last seven-day period,
Author  NewsBTC
Yesterday 02: 36
The Solana price was one of the few highlights in a generally choppy crypto market over the past week. While most large-cap assets were stuck in a consolidation range in the last seven-day period,
placeholder
Bitcoin Price Breakout In Progress—Momentum Builds Above ResistanceBitcoin price is slowly moving higher above the $86,500 zone. BTC is gaining pace and might continue higher in the near term. Bitcoin found support at $84,200 and started a recovery wave. The price
Author  NewsBTC
Yesterday 02: 38
Bitcoin price is slowly moving higher above the $86,500 zone. BTC is gaining pace and might continue higher in the near term. Bitcoin found support at $84,200 and started a recovery wave. The price
Related Instrument
goTop
quote