Published: 2026-10-07T06:48:44.000Z
Chart EUR/GBP Update: Range-bound above .8465/.8455 support
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Range-bound in consolidation following bounce from support at the .8465/.8455 Fibonacci level and July current year low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8585 | * | Aug high | S1 | 0.8465/55 | ** | 61.8%, 15 Jul YTD low | |
| R3 | 0.8545 | ** | 15 Sep low | S2 | 0.8400 | * | congestion | |
| R2 | 0.8530 | * | Aug low | S3 | 0.8355 | * | May 2025 low | |
| R1 | 0.8500 | * | congestion | S4 | 0.8322 | * | Apr 2025 low |
Asterisk denotes strength of level
06:45 GMT - Range-bound in consolidation following bounce from support at the .8465/.8455 Fibonacci level and July current year low as prices unwind oversold intraday studies. Daily studies are stretched as well and suggest scope to retrace recent sharp losses from the .8610, September high. However, further losses cannot be ruled out to extend the broader losses from the .8865 November 2025 year high to the .8400 congestion then the .8355/.8322, May/April 2025 lows. Would take break above .8500 to open up room to strong resistance the .8530/.8545 area.