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EUR/GBP recovery stalls as resistance caps gains near 0.8585

Societe Generale analysts point to 0.8530 as near-term support and cite the 200-day moving average around 0.8660/0.8690 as a wider cap on upside.

Reported · Written up by our desk · Major Pairs

EUR/GBP has rebounded sharply since an interim low near 0.8450 in July, but the recovery has stalled around 0.8585, according to analysts at Societe Generale cited by FXStreet.

The pair is consolidating in a narrow range, with 0.8530 flagged as short-term support, while 0.8585 to 0.8610 is described as key resistance.

Looking further ahead, the 200-day moving average is seen near 0.8660 to 0.8690, which could limit broader upside if price rises again.

FXStreet also notes that EUR/GBP’s near-term technical picture is being watched alongside broader session drivers, including attention to US data and a scheduled Jackson Hole speech from Federal Reserve Chair Kevin Warsh for rate-path cues.

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