empty
02.07.2025 08:58 AM
Although EUR/GBP has the potential to be corrected, there is an opportunity to strengthen again, Wednesday, July 2, 2025.

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.

This image is no longer relevant

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forex forecast 25/07/2025: EUR/USD, AUD/USD, USD/JPY, GBP/USD, Gold, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 11:02 2025-07-25 UTC+2

GBP/USD: The Pair is Forming a Trend Reversal Pattern – "Head and Shoulders"

The British pound remains under pressure due to the challenging economic situation in the United Kingdom. Recent economic data confirms this, which naturally affects demand for the sterling. Weak manufacturing

Pati Gani 09:57 2025-07-25 UTC+2

Trading Signals for GOLD (XAU/USD) for July 25-28, 2025: buy above $3,359 and sell below $3,392 (21 SMA - 6/8 Murray)

The Eagle Indicator is showing a negative signal, so if the price falls below 3,359, it is seen as a signal to sell with targets at the 5/8 Murray around

Dimitrios Zappas 08:01 2025-07-25 UTC+2

Trading Signals for BITCOIN for July 25-28, 2025: buy above $115,000 (5/8 Murray - 21 SMA)

Bitcoin is trading around $115,400 after reaching the key level of $115,000, and a technical rebound is likely imminent in the coming hours, reaching the 21SMA around $118,350. If Bitcoin

Dimitrios Zappas 07:59 2025-07-25 UTC+2

Trading Signals for EUR/USD for July 25-28, 2025: sell below 1.1741 (21 SMA - 8/8 Murray)

Early in the European session, the EUR/USD pair is trading around 1.174, undergoing a technical correction after attempting to break below the 1.1790 level. The euro is likely to continue

Dimitrios Zappas 07:57 2025-07-25 UTC+2

EUR/USD Forecast for July 25, 2025

At the very last moment, the euro released the tension and abandoned its attempt to retest the upper boundary of the price channel. The day closed below the daily MACD

Laurie Bailey 05:06 2025-07-25 UTC+2

GBP/USD Forecast for July 25, 2025

The British pound failed to overcome the pressure of the daily balance line. Yesterday, the price fell by 69 pips, and this decline continued into the morning. The signal line

Laurie Bailey 05:06 2025-07-25 UTC+2

USD/JPY Forecast for July 25, 2025

The USD/JPY pair is showing a strong upward trend. After rebounding from the support level at 146.29, the price is now heading toward the nearest target at 149.38. This movement

Laurie Bailey 05:06 2025-07-25 UTC+2

Forex forecast 24/07/2025: EUR/USD, GBP/USD, Gold, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 12:02 2025-07-24 UTC+2

Forecast for EUR/USD on July 24, 2025

On Wednesday, the EUR/USD pair rebounded from the 127.2% Fibonacci retracement level at 1.1712, reversed in favor of the euro, and continued to rise toward the 1.1802 level. A rebound

Samir Klishi 11:21 2025-07-24 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.