EURGBP: Daily Read | 2026-10-20

EUR/GBP is trading near 0.8425, 0.0% lower on the day and down near the floor of its one-month range. The one-month average sits near 0.8498, and price is below it, so that line is the pivot the two-way traffic keeps returning to. Momentum has gone quiet over the last two weeks, roughly 0.7% down, leaving the structure as a downtrend, price under both its one-month and longer averages. The levels that matter are 0.8612 overhead, the past month’s swing high, about 2.2% above here, with 0.8394 below as the shelf that has held, roughly 0.4% down; the 0.8600 and 0.8400 round numbers are the nearer handles. Zoom out and the last three months have ranged between 0.8394 and 0.8612, which frames the bigger picture. For now the tilt is bearish: a close above 0.8612 would open room toward 0.8800, while losing 0.8394 would put 0.8200 back in view.

Key levels: support 0.8394 (0.4% below), resistance 0.8612 (2.2% above), one-month average 0.8498, three-month range 0.8394 to 0.8612.