Published: 2026-07-16T06:52:47.000Z
Chart EUR/GBP Update: Consolidating at .8465/50 support
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Break of the .8508/00 area has seen sharp losses to reach support at the .8465/50, Fibonacci and congestion area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8600/10 | ** | congestion, Feb low | S1 | 0.8465 | * | 61.8% 2024/2025 rally | |
| R3 | 0.8575 | * | 2 Jul high | S2 | 0.8450 | ** | congestion | |
| R2 | 0.8550 | * | congestion | S3 | 0.8405/00 | * | Jun low, congestion | |
| R1 | 0.8500/08 | * | congestion, 10 Jul low | S4 | 0.8355 | ** | May 2025 low |
Asterisk denotes strength of level
06:45 GMT - Break of the .8508/00 area has seen sharp losses to reach support at the .8465/50, Fibonacci and congestion area. Pause here see prices consolidating recent sharp losses from the .8685 June high as prices unwind oversold daily studies. Weekly studies are stretched as well and suggest scope for bounce here. Break of .8450 support will open up room to the .8405/00 area. Meanwhile, resistance is lowered to the .8500/08 congestion and 10 July low which is expected to cap. Gains above here, if seen, will see room for stronger bounce to .8540/.8550 congestion area.