EUR/GBP looks ready to extend its gains after finding support from a long-term range floor!
Here’s what we’re seeing on the 4-hour time frame:
EUR/GBP: 4-hour
EUR/GBP 4-hour Forex Chart Faster with TradingView
The euro has been making it rain against the pound for nearly a month, as easing U.S.-Iran tensions cooled oil jitters and put the spotlight on the European Central Bank (ECB) looking relatively more hawkish than the Bank of England (BOE).
With the U.K. set to drop its monthly GDP alongside a batch of mid-tier data, and the euro area lining up final CPI and ECB minutes, EUR/GBP is on watch to see if it can keep that late March momentum going.
EUR/GBP, which held its 2026 support near .8615, pushed up to the .8740 zone before bears stepped in and dragged the pair back toward the .8700 area.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!
The psychological level is worth watching, as it lines up with the 38.2% Fibonacci retracement of the late March upswing, the 4-hour 100 SMA, and a mid-range zone that’s been in play since the start of the year.
If EUR/GBP prints bullish candlesticks and holds above .8700, it could set up another push toward the .8740 highs and possibly the .8780 longer term resistance.
But if selling pressure keeps price below .8700, then the pair may drift back to S2 around .8656 or even revisit the .8615 support.
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!
Promoted: Clean Charts Mean Nothing Without Clean Execution.
EUR/GBP is testing a long-term mid-range support zone. But spotting the setup is only half the job; consistently executing it without hesitation is what separates amateurs from pros.
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