Published: 2025-12-01T07:05:10.000Z
Chart EUR/GBP Update: Higher in consolidation from .8750/.8737 support
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Turned up from test of the .8750/.8737 support as prices consolidate losses from the .8865, November YTD high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8875 | * | Apr 2023 high | S1 | 0.8750 | * | Jul, Sep highs | |
| R3 | 0.8865 | ** | 14 Nov YTD high | S2 | 0.8737 | * | Apr high | |
| R2 | 0.8840 | * | 20 Nov high | S3 | 0.8700 | * | congestion | |
| R1 | 0.8800 | * | congestion | S4 | 0.8650 | * | congestion |
Asterisk denotes strength of level
07:00 GMT - Turned up from test of the .8750/.8737 support as prices consolidate losses from the .8865 high and unwind oversold intraday and daily studies. However, bearish momentum from the latter suggest consolidation giving way to renewed selling pressure later to retrace gains from the May low. Break of the .8752/.8737 support will open up room to support at the .8700/.8650 congestion area. Meanwhile, resistance at the .8800 congestion is expected to cap and sustain pullback from .8865, 14 November current year high.