Thursday, October 15, 2026

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FxWirePro: EUR/GBP rangebound, focus on German GDP data

EUR/GBP largely rangebound on the day after after hitting yearly highs of 0.7897 on Thursday. Weekly charts show further upside for the pair, tests of 0.8065 levels look likely. Price action is well above the cloud and 2…

By Jay L. Zagorsky
1 min read
FxWirePro: EUR/GBP rangebound, focus on German GDP data
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EUR/GBP largely rangebound on the day after after hitting yearly highs of 0.7897 on Thursday.
 

  • Weekly charts show further upside for the pair, tests of 0.8065 levels look likely.
     
  • Price action is well above the cloud and 200-DMA and momentum studies are bullish.
     
  • Immediate support is seen at 0.7792 (5-DMA) and then at 0.7713 (Feb 10th lows). Weakness only on breaks below 10-DMA at 0.7705.
     
  • Markets focus on German GDP and inflation data due ahead in the European session for further clues on direction.

 

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