The EURUSD and GBPUSD are both higher but the GBPUSD is looking more bullish technically
The EURUSD and GBPUSD have both pushed to fresh session highs in the North American session, but the technical story diverges beneath the surface.
For EURUSD, the move higher ran into a key confluence—a trifecta of resistance defined by the 100-hour, 200-hour, and 100-day moving averages, all clustered near 1.17078. The pair briefly extended to 1.1713, but momentum quickly faded. The failure to sustain a break above that confluence has seen price slip back below 1.1700, signaling hesitation from buyers. As long as price remains below 1.17078, sellers retain the edge, with that level now acting as a clear risk-defining ceiling. A sustained move back above it would be needed to shift the bias more firmly to the upside.
In contrast, GBPUSD is telling a stronger technical story. The pair broke above both its 200-hour moving average (1.3529) and 100-hour moving average (1.35498) and, importantly, has held above them. That break triggered added upside momentum, pushing the pair to a high of 1.3578, briefly probing a key swing area between 1.3575 and 1.3602. Holding above the moving averages keeps buyers in control, with the next upside target focused on a sustained break through that swing zone.
Bottom line: Both pairs are higher on the day, but EURUSD is struggling at resistance while GBPUSD is building on its breakout. From a technical standpoint, GBPUSD carries the stronger bullish bias, while EURUSD remains capped unless it can reclaim and hold above its moving average cluster.
This article was written by Greg Michalowski at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
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