EUR/GBP – Thursday, July 31, 2025.

With the 50-day moving average (EMA) condition below the 200-day moving average (EMA) and supported by the appearance of "Hidden Divergence" from the RSI (14) which is in a neutral bearish condition, EUR/GBP has the potential to continue its downward bias in the near term.

Key Levels

1. Resistance Level 2: 0.8674.

2. Resistance Level 1: 0.8643.

3. Pivot: 0.8626.

4. Support Level 1: 0.8595.

5. Support Level 2: 0.8578.

Tactical Scenario

Pressure Prone Zone: If the price breaks through and closes below 0.8595, EUR/GBP has the potential to continue its decline to 0.8578.

Momentum Extension Bias: If the 0.8578 level is successfully broken and closes below it, EUR/GBP will continue its decline to 0.8547.

Invalidation Level / Bias Revision

Downside bias is maintained if the price breaks through and closes above 0.8674.

Technical Summary

EMA(50): 0.8631.

EMA(200): 0.8660.

RSI(14): 32.82.

Economic News Release Agenda:

From the Eurozone, there are data releases:

EUR - German Import Prices m/m - 13:00 WIB.

EUR - German Prelim CPI m/m - All Day.

EUR - French Prelim CPI m/m - 13:45 WIB.

EUR - German Unemployment Change - 14:55 WIB.

EUR - Italian Monthly Unemployment Rate-15:00 WIB.

EUR - Italian Prelim CPI m/m - 16:00 WIB.

EUR - Unemployment Rate - 16:00 WIB.

From the United States there is a data release:

US - Core PCE Price Index m/m - 19:30 WIB.

US - Employment Cost Index q/q- 19:30 WIB.

US - Unemployment Claims - 19:30 WIB.