EUR/USD Technical analysis

Source: Dukascopy Bank SA
The EUR/USD currency pair has demonstrated sustained bullish momentum throughout the month of April, consistently trading above its key simple moving averages—a sign of a strong underlying uptrend. This upward bias reflects improving sentiment around the euro, likely supported by easing inflationary pressures in the Eurozone and a more stable economic outlook compared to earlier in the year.



On the downside, market volatility—possibly driven by macroeconomic data releases or shifts in central bank policy expectations—could result in a short-term pullback. In that case, the pair may find initial support around 1.1160. A break below this level would expose the next key support near 1.0900, a zone that has historically attracted strong demand.

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Wed, 07 May 2025 13:05:50 GMT

GBP/USD Technical analysis

The market is currently moving sideways within the range of 1.32600 to 1.34000, showing no clear trend direction. This consolidation may continue in the short term unless a strong breakout occurs. If the price begins to decline and breaks below the longer-period simple moving averages, it could indicate weakening momentum. In that case, the price may test support levels

Tue, 29 Apr 2025 08:39:35 GMT

GBP/USD Technical analysis

The FX pair is currently trading above its simple moving averages and remains above the key psychological level of 1.3400. This positioning indicates underlying bullish momentum. However, if bearish pressure emerges, the first area of support to watch is at 1.3350. A decisive break below this level could open the door for a further decline toward the next support zone

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