EUR/GBP holds above 200-DMA, eyes further gains – Société Générale

EUR/GBP has maintained its recovery after defending the 200-day moving average, with the technical backdrop now favouring more upside if key resistance levels give way, Société Générale's FX analysts note.

Key support at 0.8500/0.8480 underpins EUR/GBP

"EUR/GBP successfully defended the 200-DMA (0.8380) in May resulting in a steady bounce. The MA has started sloping upward which generally points towards regaining upward momentum."

"The pair is unfolding a brief pause; recent pivot low of 0.8500/0.8480 is an important support near term. Overcoming June high of 0.8575 can lead to an extension in rebound towards 0.8610 and projections at 0.8640."

Jun 30, 2025

RUB: Crisis whispers on the side of the road – Commerzbank

We have long argued that the rouble exchange rate (versus hard currencies such as the US dollar or euro) is a ‘technical fix’ or artificial exchange rate. This is because Russia's central bank itself and the Moscow exchange are sanctioned against trading in hard currencies.

USD/JPY: Breaking lower? – OCBC

USD/JPY was a touch softer amid broad USD softness and UST yields drifting lower. Pair was last at 144.20 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.