Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: EUR/GBP trades a narrow range, focus on UK CPI data

EUR/GBP confined to a narrow range in the Asian session. Price action within daily cloud, with cloud top offering strong resistance. Cautious tone prevalent in the markets, as all eyes remain focused on the UK inflation …

By FxWirePro Team
1 min read
FxWirePro: EUR/GBP trades a narrow range, focus on UK CPI data
Image from the original EconoTimes article

Read the original article

  • EUR/GBP confined to a narrow range in the Asian session.
     
  • Price action within daily cloud, with cloud top offering strong resistance.
     
  • Cautious tone prevalent in the markets, as all eyes remain focused on the UK inflation report.
     
  • Major support levels -     0.84, 0.8392 (55-EMA), 0.8372 (Sept 7 low)
     
  • Major resistance levels - 0.8442 (5-DMA), 0.8484 (double top Sept 9, 12), 0.85 (20-DMA & trendline)
     
  • GBP remains subdued, EUR/GBP attempting breach above cloud top after German CPI meets forecasts.
    ​

Recommendation: Long EUR/GBP breakout above cloud top (0.8433), SL: 0.8390, TP: 0.8484/ 0.85
 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team