EUR/GBP – Wednesday, July 2, 2025

EUR/GBP has the potential to strengthen due to the ECB's policy which signals that its Dovish policy is almost over, while the BoE continues its Dovish policy, which has the potential to weaken the Pound Sterling

Key Levels

1. Resistance. 2 : 0.8619.

2. Resistance. 1 : 0.8602.

3. Pivot : 0.8579.

4. Support. 1 : 0.8562.

5. Support. 2 : 0.8539.

Tactical Scenario

Positive Reaction Zone: If EUR/GBP successfully breaks through and closes above the 0.8602 level, it has the potential to make EUR/GBP continue to strengthen to the 0.8619 level.

Momentum Extension Bias: If the 0.8619 level is also successfully broken through and closes above it due to volatility and the momentum of its strengthening being quite strong, EUR/GBP has the potential to continue to strengthen to the 0.8642 level.

Invalidation Level / Bias Revision

Upside bias is automatically canceled if during its strengthening journey there is a sudden weakening correction that breaks through and closes below the 0.8539 level.

Technical Summary

The Golden Cross condition on the EMA 20 which is above the EMA 50 and the RSI(14) level is at the 47.50 level (Neutral-Bullish) and the EUR/GBP price movement which is above the Pivot gives an indication of the potential for strengthening in the near future.

Economic News Release Agenda:

1. US ADP Non-Farm Payroll - 19:15 WIB.

2. US Crude Oil Inventories - 21:30 WIB.