EUR/GBP - Wednesday, July 23, 2025.

Although the RSI (14) is in the Bearish Neutral area, but both EMAs are still in a Golden Cross condition where this is indicating that although there is potential for a limited downward correction, buyers are still dominant today.

Key Levels

1. Resistance. 2 : 0.8708.

2. Resistance. 1 : 0.8695.

3. Pivot : 0.8679.

4. Support. 1 : 0.8666.

5. Support. 2 : 0.8650.

Tactical Scenario

Positive Reaction Zone: If EUR/GBP successfully strengthens and breaks through and closes above 0.8695, it has the potential to move to 0.8708.

Momentum Extension Bias: If the 0.8708 level is successfully broken through and closes above it, EUR/GBP will continue to strengthen to 0.8724.

Invalidation Level / Bias Revision

Upside bias weakens when the price weakens and falls to break through and closes below 0.8650.

Technical Summary

EMA(50) : 0.8677.

EMA(200) : 0.8667.

RSI(14) : 48.70

Economic News Release Agenda:

With the ECB maintaining a stable interest rate policy, while UK economic data shows weakness, EUR/GBP has the potential to appreciate today. Today, there are economic data releases from the Eurozone:

EUR German 10-year Bond Auction - Tentative.

EUR Consumer Confidence - 9:00 PM WIB.