EUR/GBP Technical Analysis: Support, Resistance & Pivot Today (Oct 28, 2026)
What drives the technical score
- Intraday view is bullish
- Price below the 20-day average
- Daily RSI 22, weak momentum
- Daily MACD below its signal line
- 5-day change -0.4%, little net move
- Daily view is bearish
- Price below the 50-day average
- 20-day average below the 50-day
- 20-day down 2.5%
- Daily MACD below zero
- Price below the 40-week average
- 10-week average below the 40-week
- 6-month down 3.0%
- Weekly MACD below its signal line
- Weekly RSI 28, weak momentum
The technical score combines several pieces of technical evidence, including moving-average position, momentum, recent performance, our level views and active chart patterns; more filled segments mean the evidence agrees more strongly. Support and resistance are the nearest levels from the intraday and short-term views. For reference only; not investment advice.
EUR/GBP: Target level as a potential turning point
Our preference
Above 0.83543, look for a move towards 0.83747.
Alternative scenario
Below 0.83543, expect 0.83449 and 0.83393.
Comment
Price is approaching our first target at 0.83747, which may trigger a pullback; a clear break above it would open the way to 0.83803. RSI is at 65 and MACD is above its signal line.
Full level ladder
| Resistance 3 | 0.83859 |
| Resistance 2 | 0.83803 |
| Resistance 1 | 0.83747 |
| Price | 0.83694 |
| Pivot | 0.83543 |
| Support 2 | 0.83449 |
| Support 3 | 0.83393 |
EUR/GBP: Bearish below the pivot
Our preference
Below 0.84299, look for a move towards 0.82843.
Alternative scenario
Above 0.84299, expect 0.84951 and 0.85339.
Comment
As long as price stays below the pivot, the downside structure remains intact. RSI is at 17 and MACD is below its signal line.
Full level ladder
| Resistance 3 | 0.85339 |
| Resistance 2 | 0.84951 |
| Pivot | 0.84299 |
| Price | 0.83694 |
| Support 1 | 0.82843 |
| Support 2 | 0.82455 |
| Support 3 | 0.82068 |
AI market story
Updated 2026-10-28 10:48 UTC+8EUR/GBP slide persists as daily RSI hits 17
EUR/GBP trades at 0.83616, down 0.13% on the day, 0.4% over five days and 2.45% over twenty days, near the bottom of its 0.83517 to 0.85733 range. It sits below the 20-day average of 0.84335 and the 50-day of 0.85186, with daily RSI at 17 and MACD below its signal line.
Price journey: up or down lately?
It has been falling. The pair is at 0.83616, down 0.13% on the day, 0.4% over five days and 2.45% over twenty days, and is now close to the twenty-day low of 0.83517.
Trend: which way is the bigger picture pointing?
The bigger direction is still down. Price is below the 20-day average of 0.84335 and the 50-day of 0.85186, and the short, medium and long-term technical read is bearish. The daily pivot is 0.84299, and the bearish view holds while price stays under it.
Momentum: gaining or losing strength?
Momentum is weak but easing. Daily RSI slipped from 20 five days ago to 17, close to oversold, while MACD remains below its signal line with the histogram shrinking for three straight days, so the downside is slowing but not reversing.
Key levels: which prices matter next?
Watch the intraday pivot at 0.83543 first; holding above it keeps 0.83747 and 0.83803 in play, while a break of 0.83449 is the first downside stop. Above, resistance sits at 0.84299, with daily targets at 0.82843 and 0.82455.
ECB decision looms, EUR/GBP swings may run 1.4x
The focus is on October 29. At 18:00 come euro area consumer confidence and economic sentiment, with prior readings of -17.9 and 97.9. At 21:15 the ECB main refinancing rate is expected at 2.65, unchanged; the past 16 releases averaged 26.7 points over four hours, with 62% closing higher and about 1.4 times normal volatility.
What is coming up on the calendar?
The key event is the ECB rate decision on October 29 at 21:15, with the main refinancing rate expected at 2.65, the deposit rate at 2.5 and the marginal lending rate at 2.9. Earlier at 18:00 come consumer confidence and economic sentiment, and Lagarde speaks at 21:45.
How much do these events usually move the price?
After the past 16 ECB rate decisions, EUR/GBP moved 26.7 points on average over four hours, up to 37.9 points, with 62% closing higher and about 1.4 times normal volatility. The October 29 confidence and sentiment releases averaged around 18 to 19 points, roughly normal.
This content was generated with the assistance of AI from the Borearis Research Team's market data and analysis. For reference only; not investment advice. How we produce this content
Volatility stop
EUR/GBP is below its daily short trailing stop. Short positions can reference 0.84350 (0.78% away); it only moves down. A daily close above 0.84350 signals the trend is strengthening.
Calculated from the 22-day high (low) minus (plus) 3 times the average true range on the daily chart, and it only moves in the trend's favour. A common trailing-stop method, for reference only; not investment advice.
Thick line = trailing stop (green uptrend, red downtrend); vertical line = latest trend change; last 90 daily bars
Technical picture
- Price is below the 20- and 50-day moving averages, a weak medium-term structure.
- Daily RSI is 22, oversold; rebounds are more likely after sharp drops.
- Daily MACD is below its signal line; daily momentum is down.
- Price is inside the daily Bollinger Bands (0.83371 to 0.85306).
Related economic events this week
| 10-27 17:00 | Eurozone Sep M3 Money Supply YoYAfter 25 past releases, EUR/GBP moved 13.7 pips on average in 4 hours · max 24.0 pips | 3.5 |
| 10-29 18:00 | Eurozone Final Consumer Confidence Index for OctoberAfter 49 past releases, EUR/GBP moved 18.3 pips on average in 4 hours · max 65.6 pips | — |
| 10-29 18:00 | Eurozone Oct Economic Sentiment IndexAfter 24 past releases, EUR/GBP moved 19.2 pips on average in 4 hours · max 65.6 pips | — |
| 10-29 21:15 | Eurozone ECB Main Refinancing Rate HighAfter 16 past releases, EUR/GBP moved 26.7 pips on average in 4 hours (1.4× normal) · max 37.9 pips | 2.65 |
| 10-29 21:15 | Eurozone ECB Marginal Lending Rate HighAfter 16 past releases, EUR/GBP moved 26.7 pips on average in 4 hours (1.4× normal) · max 37.9 pips | 2.9 |
| 10-29 21:15 | Eurozone ECB Deposit Facility Rate HighAfter 16 past releases, EUR/GBP moved 26.7 pips on average in 4 hours (1.4× normal) · max 37.9 pips | 2.5 |
| 10-29 21:45 | Eurozone ECB President Lagarde Holds Monetary Policy Press Conference | — |
| 10-30 14:30 | France Q3 GDP YoY PrelimAfter 15 past releases, EUR/GBP moved 17.4 pips on average in 4 hours · max 31.6 pips | — |
Times in UTC+8. Grey = forecast. Full economic calendar →
News and sentiment for EUR/GBP
None of the financial news we collected in the last 7 days mentioned EUR/GBP directly.
Trade signals for EUR/GBP
Short-term Signals 30-minute · held a few hours to a day
No recent short-term signals for EUR/GBP.
All short-term signals and results →
Swing Signals 1-hour and 4-hour · held a day to a week
No recent swing signals for EUR/GBP.
Chart patterns in play for EUR/GBP
No active 15-minute to 4-hour patterns for EUR/GBP right now.
FAQ
Where are EUR/GBP support and resistance levels today?
Intraday resistance: 0.83747, 0.83803, 0.83859. Support: 0.83543, 0.83449, 0.83393. Pivot: 0.83543 (updated Oct 28, 2026 15:09 UTC+8).
Is EUR/GBP bullish or bearish now?
Intraday: bullish. Short-term (daily): bearish. Bullish above 0.83543, targeting 0.83747 and then 0.83803.
How has EUR/GBP been trading lately?
EUR/GBP slide persists as daily RSI hits 17. EUR/GBP trades at 0.83616, down 0.13% on the day, 0.4% over five days and 2.45% over twenty days, near the bottom of its 0.83517 to 0.85733 range. It sits below the 20-day average of 0.84335 and the 50-day of 0.85186, with daily RSI at 17 and MACD below its signal line.
How do I read the EUR/GBP technical score?
Currently short-term bearish, medium-term bearish, long-term bearish. The technical score combines several pieces of technical evidence, such as moving-average position, momentum, recent performance, our level views and active chart patterns, into short-, intermediate- and long-term readings. More filled segments mean the evidence points the same way; neutral means bullish and bearish evidence are balanced.
Where should a stop loss go on EUR/GBP?
EUR/GBP is below its daily short trailing stop. Short positions can reference 0.84350 (0.78% away); it only moves down. A daily close above 0.84350 signals the trend is strengthening.
Which economic events matter for EUR/GBP next?
ECB decision looms, EUR/GBP swings may run 1.4x. The focus is on October 29. At 18:00 come euro area consumer confidence and economic sentiment, with prior readings of -17.9 and 97.9. At 21:15 the ECB main refinancing rate is expected at 2.65, unchanged; the past 16 releases averaged 26.7 points over four hours, with 62% closing higher and about 1.4 times normal volatility.
What is the pivot?
The pivot is the line in the sand for the view. In a bullish view it sits below price; a close below it invalidates the view and a new set of levels is drawn. The reverse applies to a bearish view.
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