Thursday, October 15, 2026

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FxWirePro: EUR/GBP spike to 0.7040 quickly sold off, eyes support at 0.7010

EUR/GBP stalls downside and recovers slightly in the mid-European session The pair is currently trading at 0.7025, recovering from session lows of 0.7010 after UK manufacturing PMI continued to expand in July Spike to th…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • EUR/GBP stalls downside and recovers slightly in the mid-European session

  • The pair is currently trading at 0.7025, recovering from session lows of 0.7010 after UK manufacturing PMI continued to expand in July

  • Spike to the upside by 0.7040 was quickly sold off, 10 & 30-DMAs are negatively aligned, reinforcing the bearish bias

  • The cross now eyeing the support area at 0.7010 (Session lows Aug 2), breach below could take it to 0.6984 (Daily Low Jul 30)

Resistance Levels:

R1: 0.7045 (4H cloud base)

R2: 0.7063 (21-Day MA)

R3: 0.7098 (Daily High Jul 29)

Support Levels:

S1: 0.7005 (Daily Low Jul 31)

S2: 0.6984 (Daily Low Jul 30)

S3: 0.6965 (Daily Low Jul 22)

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By FxWirePro Team