FPG EURGBP Market Report November 13, 2025

EURGBP traded around 0.8826, consolidating after a strong bullish run that lifted the pair from the 0.8762 region earlier this week. The uptrend remains intact, supported by a rising channel structure and higher lows on the hourly chart. However, momentum has started to flatten near resistance, suggesting possible short-term hesitation before another directional move unfolds.

The pair continues to respect its ascending trendline and trades above the middle Bollinger Band, indicating sustained bullish pressure. The Parabolic SAR dots are positioned below the candles, signaling that buyers remain in control. The nearest ceiling stands at 0.8837, a zone that has repeatedly capped upward attempts and now acts as the key short-term resistance level. A breakout above this area could open the path toward 0.8850, while failure to hold the trendline may trigger a correction back toward 0.8800–0.8790.

Momentum readings remain moderate but show slight fatigue. The MFI (14) prints at 52.99, reflecting balanced buying and selling pressure. Meanwhile, the Stochastic Oscillator (5,3,3) is hovering near 73.35 and 73.01, hinting at potential overbought conditions without yet confirming a reversal. The bias remains cautiously bullish as long as the pair stays above its trendline support.

Market Observation & Strategy Advice
1. Current Position: EURGBP is trading around 0.8826, extending its recovery from the recent low near 0.8762. The price remains above the short-term ascending trendline, showing that bullish momentum is still intact despite mild hesitation near the upper range.
2. Resistance Zone: The immediate resistance area stands at 0.8837–0.8850, marking a key zone where previous price reactions occurred. A successful breakout above this region could pave the way toward 0.8880, and further toward 0.8900 if momentum strengthens.
3. Support Zone: Key support lies around 0.8800, with deeper levels at 0.8780 and 0.8762. Holding above these zones will be essential to sustain the current bullish structure; otherwise, a break below may invite renewed selling pressure.
4. Indicators: The Bollinger Bands are slightly contracting, signaling decreasing volatility, while the Parabolic SAR continues to plot below the candles, confirming a bullish bias. The Stochastic Oscillator hovers near upper levels, suggesting potential continuation, and the MFI remains neutral, reflecting balanced momentum.
5. Trading Strategy Suggestions:

• Buy on Dips: Consider long positions near 0.8826 targeting 0.8850–0.8880, with stops below 0.8813.

• Sell on Resistance Rejection: Short-term traders may look to fade rallies near 0.8837 if price shows rejection signals.

• Risk Management: Apply trailing stops to secure gains, as volatility could increase toward the end of the European session.

Market Performance:
Forex          Last Price    % Change
EUR/USD     1.1582             −0.09%
USD/JPY     154.81             +0.01%

Today’s Key Economic Calendar:
US: Fed Bostic and Miran Speech
US: API Crude Oil Stock Change
UK: RICS House Price Balance
FR: Unemployment Rate
UK: GDP Growth Rate QoQ & YoY Prel
UK: GDP MoM
UK: Industrial & Manufacturing Production MoM
US: Core Inflation Rate Mom & YoY
US: Inflation Rate Mom & YoY
US: Initial Jobless Claim