The post Rebound tests key averages – Societe Generale appeared on BitcoinEthereumNews.com.

Societe Generale’s Kenneth Broux and colleagues note that EUR/GBP has bounced from February’s 0.8610 support and is now approaching its 200‑day moving average. The bank highlights nearby resistance at 0.8720 and 0.8765 and warns that a drop back below 0.8630 could revive the broader downtrend in the cross over the coming days. Cross rebounds off February support “EUR/GBP successfully defended the graphical support at 0.8610, corresponding to the February trough, and has since staged a modest rebound towards the 200‑DMA.” “It will be important to observe whether EUR/GBP can establish itself above this moving average.” “The next resistance levels are located at a projection of 0.8720, followed by the upper boundary of the descending channel near 0.8765.” “A failure to hold above last week’s low at 0.8630 could trigger a resumption of the down trend.” “Technically, the pair continues to trade heavy and it will be important to observe whether it can carve out a higher low than 1.1411 and attempt a rebound from there into April.” (This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.) Source: https://www.fxstreet.com/news/eur-gbp-rebound-tests-key-averages-societe-generale-202603311124

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Filed under: News - @ March 31, 2026 12:28 pm