EURGBP Technical Analysis Report 29 October, 2025

Given the strong daily uptrend and the widespread bearish sterling sentiment that can be viewn across the currency markets today, EURGBP currency pair be expected to rise further to the next resistance level 0.8850 (target price for the completion of the active impulse wave 3).

• EURGBP broke resistance area
• Likely to rise to resistance level 0.8850

EURGBP currency pair recently broke the resistance area between the key resistance level 0.8735 (which has been reversing the price from April, as can be viewn from the daily EURGBP chart below) and the resistance trendline of the daily up channel from July. The breakout of this resistance area accelerated the active minor impulse wave 3 – which belongs to the intermediate impulse wave (C) from the end of May.

Given the strong daily uptrend and the widespread bearish sterling sentiment that can be viewn across the currency markets today, EURGBP currency pair be expected to rise further to the next resistance level 0.8850 (target price for the completion of the active impulse wave 3).

The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.

The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you viewk independent professional advice or conduct your own independent research before acting upon any information contained in this article.