My euro bearish
EUR/GBP’s support looks fine
U.K. GDP could set the vibe
…Knicks in FIVE?
If you’re looking for a potential winning setup before the week ends, you’ll want to take a closer look at how EUR/GBP is behaving around a long-term support zone!
EUR/GBP: Daily
EUR/GBP Daily Forex Chart Faster With TradingView
The ECB just raised interest rates for the first time in a year and lifted its inflation forecasts, giving euro bulls a hawkish headline to work with. The thing is, euro traders seem to have mostly priced it in already.
Meanwhile, the U.K. prints monthly GDP and a batch of lower-tier reports later today. If the numbers disappoint, especially against already low expectations, Sterling could come under pressure against major counterparts like the euro.
EUR/GBP has been sliding since turning lower from 0.8675 earlier this month, and price is now testing the 0.8625 area. That puts the pair right near the S1 Pivot Point at 0.8608 and the 0.8600 – 0.8620 support zone that has held since August 2025.Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your homework on the euro and the British pound, then it’s time to check out the economic calendar and stay updated on daily fundamental news!
A few long lower wicks or bullish candles around current levels could bring buyers back in and keep the support zone alive for another session.
If that happens, EUR/GBP could make another run toward the 0.8670 Pivot Point and previous resistance area, which also lines up with the 100 SMA.
But if sellers keep control and last week’s downswing gains traction, EUR/GBP could finally punch through support.
Sustained trading below 0.8600 would put the 0.8580 and 0.8550 inflection points on the radar next.
Whichever bias you end up trading, don’t forget to practice proper risk management and stay aware of top-tier catalysts that could influence overall market sentiment.
Disclaimer:
Please be aware that the technical analysis content provided herein is for informational and educational purposes only. It should not be construed as trading advice or a suggestion of any specific directional bias. Technical analysis is just one aspect of a comprehensive trading strategy. The technical setups discussed are intended to highlight potential areas of interest that other traders may be observing. Ultimately, all trading decisions, risk management strategies, and their resulting outcomes are the sole responsibility of each individual trader. Please trade responsibly.
The ECB just hiked rates and lifted its inflation forecasts, yet EUR/GBP barely responded. If you’re not sure why a hawkish central bank decision can leave a currency flat, the priced-in concept is exactly what explains it. Premium members can read our lesson:
📖 Market Expectations: Why Good News Can Tank a Currency
Reading this helps you understand how markets price in expected outcomes before they happen, why a hawkish rate hike can fail to lift a currency, and how to read price reactions to central bank decisions before placing a trade.
And if you’re not a Premium subscriber yet, now’s a good time to sign up.
With Babypips Premium, you get full access to School of Pipsology lessons that help you understand not just what the chart is showing, but why central bank decisions move currencies the way they do, and how to read those reactions more accurately.
