GBP/USD Shows Stronger Bullish Setup Than EUR/USD at Key Resistance

EUR/USD and GBP/USD both pushed to fresh session highs during North American trading on Monday, but the technical outlook favors cable over the euro. EUR/USD extended briefly to 1.1713 before encountering a significant confluence of resistance near 1.17078, where the 100-hour, 200-hour, and 100-day moving averages converge to form a formidable technical ceiling. Momentum faded quickly after testing this trifecta, suggesting sellers remain active at these levels. In contrast, GBP/USD appears more technically constructive, with price action supporting a more sustained bullish bias. For EUR/USD traders, the 1.17078 zone represents the critical level to watch — a decisive break and hold above this cluster of moving averages would be needed to shift the near-term outlook decisively bullish, while failure here could invite renewed selling pressure. GBP/USD traders may find cleaner long setups given the stronger technical structure. The divergence between the two pairs highlights the importance of examining individual pair dynamics rather than trading on broad dollar weakness alone.