{
  "id": 2980607,
  "title": "EUR/GBP Price Forecast: Bears remain in control with 0.8550 support area on focus",
  "url": "https://urgent.news/2026/08/24/eur-gbp-price-forecast-bears-remain-in-control-with-0-8550-support",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T08:18:55.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/eur-gbp-price-forecast-bears-remain-in-control-with-08550-support-area-on-focus-202608240818"
  },
  "original_language": "en",
  "account": "The Euro (EUR) continues to decline as the British Pound (GBP) appears to be performing better amid rising tensions between the United States and Iran. On Monday, EUR/GBP fell for the third day straight, reaching 0.8555, which is approximately 0.3% lower than its peak from last week. Trading activity is minimal on Mondays, and data released on Friday indicated robust economic performance in both the UK and Eurozone; however, UK Retail Sales fell short in July. ING analysts point out that, due to low volatility, sterling may still have some carry demand, positioning it among the most volatile-adjusted currencies in the G10. Consequently, they predict EUR/GBP will likely remain at around 0.8550 for now, with the cross anticipated to stay relatively stable as investors continue to prefer the Pound's carry profile. EUR/GBP is currently trading at 0.8556, positioned halfway through the past four weeks' range, between 0.8530 and 0.8585. The immediate sentiment is bearish, with momentum indicators on the 4-hour chart showing mild weakness. The 14-period Relative Strength Index (RSI) is moving towards the mid-40s, and the Moving Average Convergence Divergence (MACD) has turned slightly negative, suggesting fading upside pressure while maintaining a range-bound condition. Traders should keep an eye on the August 19 low at 0.8550 as a potential challenge for bears. A drop below the July 24 and August 12 lows, at 0.8530, would confirm a Double Top formation at 0.8585, with a potential target a few pips below the late July lows, around 0.8483. On the upside, the immediate resistance level is Friday's high of 0.8575, followed by the top of the July-August trading range, at 0.8585.",
  "summary": "The Euro (EUR) extends losses as the British Pound (GBP) seems to be coping better with the moderate risk-off mood amid growing tensions between the US and Iran, as Washington pledged an “economic D-Day” on the Islamic Republic.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Silver Price Forecast: XAG/USD holds bullish below $70.00/two-month high set on Friday",
        "url": "https://urgent.news/2026/08/24/silver-price-forecast-xag-usd-holds-bullish-below-70-00-two-month",
        "published": "2026-08-24T02:54:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}