Published: 2025-10-03T06:39:03.000Z
Chart EUR/GBP Update: Consolidating test of .8752, current year high
0
1
Settled back from the .8745/52 current year highs as prices consolidate gains from the .8600 August low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8875 | * | 61.8% 2022/2024 fall | S1 | 0.8700 | * | congestion | |
| R3 | 0.8800 | * | figure, congestion | S2 | 0.8650 | * | congestion | |
| R2 | 0.8765 | ** | Nov 2023 high | S3 | 0.8632 | * | 15 Sep low | |
| R1 | 0.8752 | ** | 28 Jul YTD high, 50% | S4 | 0.8600 | ** | congestion, Aug low |
Asterisk denotes strength of level
06:30 GMT - Settled back from the .8745/52 current year highs as prices consolidate gains from the .8600 August low to reach support at the .8700 congestion. Negative daily studies threatens break here to open up room for deeper pullback to support at the .8650/.8632 area. However, corrective pullback in expected to give way to renewed buying interest later to retest the .8745/52 highs. Break here will further retrace the 2022/2024 losses and see room for extension to the .8765 resistance then the .8800 level.