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EUR/GBP Price Forecasts: Euro remains on the defensive with 0.8640 capping gains

  • EUR/GBP bounces up from lows sub 0.8620, but remains capped below 0.8640.
  • Hawkish comments by ECB’s Lane have failed to support the Euro.
  • In the UK, fading expectations of BoE hikes are weighing on GBP rallies.

The Euro (EUR) is trading higher against the British Pound (GBP) on Tuesday, trimming losses after depreciating more than 1% in a bit more than a week. Euro bulls, however, remain capped below the 0.8640 area so far, which leaves the pair trading within Monday’s range, and keeps its broader bearish trend intact.

Hawkish comments by European Central Bank (ECB) Chief Economist Philippe Lane, who endorsed market expectations of upcoming rate hikes earlier on Tuesday, have failed to provide any significant support to the Euro. 

The Pound, on the other hand, remains fairly resilient to the UK’s uncertain political scenario, although the low yield on UK Gilts amid fading hopes of Bank of England (BoE) monetary tightening, as well as a somewhat more cautious market, are keeping Cable’s upside attempts limited.

Technical Analysis: Euro bears remain in control

EUR/GBP Chart Analysis

EUR/GBP trades at 0.8634, with the near-term bearish structure still in place and momentum indicators pointing to moderate bearish pressure. The Relative Strength Index (RSI) has bounced up from oversold levels, but remains within negative territory. The Moving Average Convergence Divergence (MACD) has inched back into positive territory, yet hints at a consolidative, neutral bias, rather than at a trend shift.

Initial resistance lies at a previous support in the 0.8640 area (May 21 low). Further up, the May 20 and May 19 highs, near 0.8665, and the 0.8685 area, respectively, emerge as the next bullish targets.

On the downside, a break below 2026 lows between 0.8605 and 0.8615 would bring the August 2025 low, at the 0.8600 area, and the 127.2% Fibonacci extension of the May selloff, at 0.8587, into focus.

(The technical analysis of this story was written with the help of an AI tool.)

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD0.05%0.19%0.18%0.03%0.12%0.47%0.28%
EUR-0.05%0.16%0.13%-0.00%0.10%0.44%0.22%
GBP-0.19%-0.16%-0.02%-0.16%-0.06%0.28%0.08%
JPY-0.18%-0.13%0.02%-0.14%-0.03%0.29%0.12%
CAD-0.03%0.00%0.16%0.14%0.12%0.46%0.25%
AUD-0.12%-0.10%0.06%0.03%-0.12%0.35%0.14%
NZD-0.47%-0.44%-0.28%-0.29%-0.46%-0.35%-0.21%
CHF-0.28%-0.22%-0.08%-0.12%-0.25%-0.14%0.21%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

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EUR/JPY Price Hovers around 185.00, descending channel top

  • EUR/JPY hovers near the upper boundary of the channel around 185.00.
  • The 14-day Relative Strength Index sits at 49.05 near neutral, signaling that momentum has cooled from prior overbought readings.
  • The initial support appears at the 50-day EMA of 184.86.

EUR/JPY inches lower after posting modest gains in the previous day, trading around 184.90 during the Asian hours on Tuesday. The currency cross holds a constructive bias as it trades above both the nine-day and 50-day Exponential Moving Averages (EMAs), clustered just below 185.00 and suggesting underlying demand on shallow pullbacks.

The 14-day Relative Strength Index (RSI) at 49.05 sits near neutral, hinting that momentum has cooled from prior overbought readings but without signalling outright downside pressure while price stays supported by these short- and medium-term EMAs.

However, the technical analysis of the daily chart indicates the EUR/JPY cross is positioned on the upper boundary of the descending channel pattern, indicating a potential bullish reversal. A sustained break above the channel would cause an emergence of a bullish bias.

Further advances above the channel would support the EUR/JPY cross to explore the region around the all-time high of 187.95, which was recorded on April 17.

On the downside, the immediate support lies at the 50-day EMA of 184.86, aligned with the nine-day EMA at 184.84. A break below these moving averages would put downward pressure on the EUR/JPY cross to navigate the region around the three-month low of 181.87, recorded on March 16, followed by a five-month low of 180.81, which was reached on February 12.

Chart Analysis EUR/JPY
EUR/JPY: Daily Chart

(The technical analysis of this story was written with the help of an AI tool.)

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the US Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD0.06%0.08%0.00%0.03%0.00%0.23%0.04%
EUR-0.06%0.06%-0.06%-0.02%-0.02%0.19%-0.02%
GBP-0.08%-0.06%-0.09%-0.06%-0.07%0.15%-0.05%
JPY0.00%0.06%0.09%0.02%0.03%0.22%0.05%
CAD-0.03%0.02%0.06%-0.02%0.01%0.22%0.02%
AUD-0.00%0.02%0.07%-0.03%-0.01%0.21%0.01%
NZD-0.23%-0.19%-0.15%-0.22%-0.22%-0.21%-0.20%
CHF-0.04%0.02%0.05%-0.05%-0.02%-0.01%0.20%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

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EUR/USD Price Near-term tone remains bearish as 20-day EMA slopes downwards

  • EUR/USD ticks lower to near 1.1633 as US forces strike at Iranian missile launcher sites.
  • The US military clarified that strikes were in “self-defense” and not meant to dismiss the ceasefire with Iran.
  • US President Trump said that negotiations with Iran are proceeding nicely.

The EUR/USD pair trades marginally lower at around 1.1633 during the Asian trading session on Tuesday. The major currency pair faces slight selling pressure as the US Dollar (USD) attacks some bids due to fears that the United States (US)-Iran negotiations could face a setback.

According to a spokesperson from the US Central Command, US forces ‌conducted strikes in southern Iran on Monday, which were aimed at missile launch sites and Iranian vessels aiming to deploy mines.

However, the US military has clarified that the nature of the strikes was “defensive” and were not meant to end the ceasefire with Tehran.

The event has resulted in a slight recovery in the US Dollar (USD) and a decent one in oil prices. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally higher to near 99.05.

Meanwhile, US President Donald Trump has stated that negotiations with Iran to end the conflict are “proceeding nicely”, Bloomberg reported.

EUR/USD technical analysis

EUR/USD trades slightly lower at around 1.1635, keeping a bearish near-term bias as spot holds below the 20-day Exponential Moving Average (EMA) at 1.1667.

The pair has been grinding lower from early-month highs, and the subdued Relative Strength Index (RSI) around 45.1 hints at fading bullish momentum rather than oversold conditions, suggesting sellers retain the initiative while buyers remain cautious.

On the topside, initial resistance is defined by the 20-day EMA at 1.1667, and a daily close above this dynamic barrier would be needed to ease immediate downside pressure and open the way to a more meaningful recovery towards 1.1700. On the downside, the pair could resume its downside journey if it drops below the May 21 low of 1.1576. Key support area will be 1.1500.

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USD/CHF Price Forecast: Strengthens on renewed US-Iran tensions, but technical outlook stays bearish


  • USD/CHF strengthens to around 0.7830 in Tuesday’s early European session. 
  • New US strikes dampen peace deal optimism, supporting the US Dollar. 
  • The pair keeps the negative outlook under the 100-day EMA, with bearish RSI momentum. 
  • The first upside barrier emerges at 0.7840; the initial support level to watch is 0.7808.

The USD/CHF pair edges higher to near 0.7830, snapping the four-day losing streak, during the early European session on Tuesday. Uncertainty surrounding the US-Iran peace negotiations provides some support to the US Dollar (USD) against the Swiss Franc (CHF). 

The US military’s Central Command said US forces have carried out strikes on southern Iran in “self-defence,” the Guardian reported on Monday. It said that the military will defend US forces “while using restraint” during the ongoing ceasefire.

Traders will keep an eye on the US April Personal Consumption Expenditures (PCE) Price Index report, which is due later on Thursday. Any signs of persistent inflation in the US could shift market expectations away from rate cuts and lift the Greenback in the near term. 

Chart Analysis USD/CHF

Technical Analysis:

In the daily chart, USD/CHF maintains a bearish near-term tone as the spot holds beneath the 100-day moving average (MA). Price is also trading just under the 20-day Bollinger middle band, underscoring persistent topside pressure despite a modest recovery from recent lows. The Relative Strength Index (14) at 48 remains slightly below the neutral 50 mark, hinting that downside momentum has eased but not yet shifted in favor of the bulls.

On the topside, initial resistance emerges at the 100-day MA at 0.7840. A daily close above this cluster would be needed to alleviate immediate downside pressure and open the way toward the Bollinger upper band near 0.7905. On the downside, the first notable support is seen at the May 26 low of 0.7808. The next contention level is located at the 20-day Bollinger lower band around 0.7760, where failure would suggest a resumption of the broader decline and expose lower lows on the daily chart.

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AUD/JPY Price Forecast: Gains momentum, holding bullish bias above 100-day EMA

  • AUD/JPY strengthens to near 113.80 in Monday’s early European session. 
  • The cross keeps a constructive bias above the 100-day EMA.  
  • The immediate resistance level emerges at 114.72; the initial support level to watch is 113.65. 

The AUD/JPY cross gains ground to around 113.80 during the early European trading hours on Monday. Hopes of a deal to reopen the Strait of Hormuz buoyed risk appetite, supporting the Australian Dollar (AUD) against the Japanese Yen (JPY). 

The United States (US) and Iran signaled progress in efforts to resolve the conflict, but key details of a framework agreement are still under negotiation, and a US official said it could take a few more days to finalize. However, US President Donald Trump stated that a deal is close, but the US blockade on Iranian ships in the Strait of Hormuz would “remain in full force” until an agreement was signed. 

On the other hand, markets slash the chance of more interest rate hikes from the Reserve Bank of Australia (RBA) after a surprise rise in the jobless rate. This, in turn, might cap the upside for the Aussie. Unemployment Rate in Australia climbed to 4.5% in April, up from 4.3% in March. This figure registered the highest in about four and a half years. 

The odds of a rate hike at the RBA’s next meeting dropped to just 3%, from 13% before the release of the employment report, according to financial market pricing provided by Westpac.

Chart Analysis AUD/JPY

Technical Analysis:

In the daily chart, AUD/JPY maintains a constructive bullish bias as the spot holds above the Bollinger middle band and the 100-day moving average. The Relative Strength Index (14) hovers near 54, suggesting steady but tempered upside momentum rather than a blow-off phase.

On the topside, immediate resistance is aligned with the upper Bollinger band at 114.72, where a clear break would open the door to further gains within the broader uptrend. On the downside, initial support is seen at the day’s open pivot around the Bollinger middle band at 113.65, followed by the lower band near 112.53. Deeper pullbacks would likely lean on the 100-day moving average around 110.80 to preserve the broader bullish structure.

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GBP/USD Price Forecast: Extends recovery to near 20-EMA amid risk-on mood

  • GBP/USD jumps to near 1.3480 as hopes of the US-Iran deal have improved market sentiment.
  • US President Trump said the final agreement with Iran is largely negotiated.
  • Oil prices have declined sharply on US-Iran deal hopes.

The GBP/USD pair is up 0.35% to near 1.3480 during the Asian trading session on Monday. The Cable trades firmly as market sentiment for riskier assets has improved significantly due to increased hopes of a deal between the United States (US) and Iran.

In the Asian trade, S&P 500 futures jump 0.85% to near 7,540, reflecting strong investors’ appetite for risk-sensitive assets. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.3% lower to near 99.00.

Over the weekend, US President Donald Trump said in a post on Truth Social that an agreement with Iran has been “largely negotiated”, which will direct Tehran to reopen the Strait of Hormuz with other key elements, and final details of the deal are currently being discussed. Later, Trump also said in another post on the same platform that negotiations from Washington need not rush for any deal.

Improving hopes of the reopening of the Strait of Hormuz have resulted in a sharp decline in oil prices, which has also forced traders to pare some hawkish Federal Reserve (Fed) bets for the year.

GBP/USD technical analysis

GBP/USD trades higher at around 1.3480 as of writing. The pair extends recovery to near the 20-day exponential moving average (EMA) at 1.3472, which indicates that the near-term tone has slightly become constructive.

The broader downward resistance trend line, with a break point near 1.3612, still caps the medium-term structure overhead, while the Relative Strength Index (14) around 50 hints at neutral momentum after the recent recovery from lower levels.

On the downside, the May 22 low at 1.3413 is the major support zone; a daily close below this level would expose a deeper pullback toward the May 20 low at 1.3375. On the topside, initial resistance is defined by the downward resistance trend line break area around 1.3612, and only a clear move above this barrier would suggest that bulls are gaining enough traction to extend the advance toward 1.3700.

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AUD/USD Price Flirts with 200-SMA on H4, just above mid-0.7100s amid weaker USD

  • AUD/USD kicks off the new week on a positive note as US-Iran deal hopes weigh on the USD.
  • Bets for a rate hike by the Fed in 2026 could limit deeper USD losses and cap gains for the pair.
  • The technical setup warrants some caution before positioning for a further appreciating move.

The AUD/USD pair opens with a modest bullish gap at the start of a new week and sticks to intraday gains above mid-0.7100s through the Asian session. The latest optimism over a potential US-Iran peace deal undermines the safe-haven US Dollar (USD) and assists spot prices to move away from the lowest level since April 14, touched last week.

However, the US and Iran remained at odds over key issues, including blockades on the Strait of Hormuz and Tehran’s nuclear program, keeping a lid on the market optimism. This, along with bets that the US Federal Reserve (Fed) will hike interest rates by the end of this year, should help limit deeper USD losses and cap further gains for the AUD/USD pair.

From a technical perspective, spot prices now seem to have found acceptance above the 38.2% Fibonacci retracement level of the recent corrective pullback from the vicinity of the highest level since June 2022, touched earlier this month. Bulls now await a move beyond the 200-period Simple Moving Average (SMA) on the 4-hour chart before placing fresh bets.

Meanwhile, a mildly positive Relative Strength Index near 58 and a gently positive Moving Average Convergence Divergence (MACD) suggest upside momentum is building. However, price action remains finely balanced, making it prudent to wait for some follow-through buying beyond this key moving average before positioning for any further appreciation.

The subsequent move up is likely to confront immediate resistance at the 50.0% retracement near 0.7175, which is followed by the 61.8% level at 0.7197, with higher hurdles seen at 0.7230 and 0.7270. On the downside, a break below the 38.2% retracement at 0.7152 would expose the 23.6% level at 0.7124, ahead of the stronger structural support around 0.7079.

(The technical analysis of this story was written with the help of an AI tool.)

AUD/USD 4-hour chart

Chart Analysis AUD/USD

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD-0.31%-0.36%-0.21%-0.13%-0.46%-0.44%-0.31%
EUR0.31%-0.06%0.11%0.17%-0.16%-0.13%-0.02%
GBP0.36%0.06%0.17%0.23%-0.11%-0.06%0.03%
JPY0.21%-0.11%-0.17%0.08%-0.29%-0.26%-0.16%
CAD0.13%-0.17%-0.23%-0.08%-0.35%-0.32%-0.22%
AUD0.46%0.16%0.11%0.29%0.35%0.03%0.14%
NZD0.44%0.13%0.06%0.26%0.32%-0.03%0.10%
CHF0.31%0.02%-0.03%0.16%0.22%-0.14%-0.10%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

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EUR/JPY Price Tests 185.00 barrier near descending channel top

  • EUR/JPY could test the immediate resistance at the upper boundary of the channel around 185.10.
  • The 14-day Relative Strength Index sits near 50, hinting at neutral but stabilizing momentum.
  • The initial support appears at the 50-day EMA of 184.85.

EUR/JPY extends its gains for the second successive day, trading around 184.90 during the Asian hours on Monday. The pair is holding a mild bullish bias as it consolidates above both the nine-day and 50-day Exponential Moving Averages (EMAs), which cluster just below price around the mid-184s and reinforce a nearby demand zone.

Moreover, the 14-day Relative Strength Index (RSI) sits close to the 50 line, hinting at neutral but stabilizing momentum that could allow the cross to extend gains while it remains supported by these short- and medium-term trend gauges.

However, the technical analysis of the daily chart indicates the EUR/JPY cross is still moving sideways within a descending channel pattern, indicating an ongoing bearish bias. A sustained break above the channel would offer a bearish confirmation.

The immediate resistance lies at the upper boundary of the channel around 185.10. Further advances would support the EUR/JPY cross to explore the region around the all-time high of 187.95, which was recorded on April 17.

The immediate support lies at the 50-day EMA of 184.85, followed by the nine-day EMA at 184.79. A break below these moving averages would put downward pressure on the EUR/JPY cross to navigate the region around the three-month low of 181.87, recorded on March 16, followed by a five-month low of 180.81, which was reached on February 12.

Chart Analysis EUR/JPY
EUR/JPY: Daily Chart

(The technical analysis of this story was written with the help of an AI tool.)

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD-0.35%-0.40%-0.27%-0.17%-0.59%-0.51%-0.36%
EUR0.35%-0.06%0.07%0.16%-0.27%-0.17%-0.03%
GBP0.40%0.06%0.15%0.22%-0.20%-0.11%0.02%
JPY0.27%-0.07%-0.15%0.09%-0.37%-0.29%-0.16%
CAD0.17%-0.16%-0.22%-0.09%-0.43%-0.35%-0.23%
AUD0.59%0.27%0.20%0.37%0.43%0.08%0.21%
NZD0.51%0.17%0.11%0.29%0.35%-0.08%0.12%
CHF0.36%0.03%-0.02%0.16%0.23%-0.21%-0.12%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).