Published: 2025-03-28T07:37:13.000Z
Chart EUR/GBP Update: Consolidating, but room for lower
Technical Analyst
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Consolidating losses to the .8320 Fibonacci level as prices unwind the oversold intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8450 | ** | 11 Mar high | S1 | 0.8320 | * | 61.8% Feb/Mar rally | |
| R3 | 0.8400 | * | congestion | S2 | 0.8300 | * | congestion | |
| R2 | 0.8370 | ** | 14 Mar low | S3 | 0.8260 | * | congestion | |
| R1 | 0.8350 | * | congestion | S4 | 0.8240 | ** | 28 Feb YTD low |
Asterisk denotes strength of level
07:30 GMT - Consolidating losses to the .8320 Fibonacci level as prices unwind the oversold intraday studies. However, pressure remains on the downside and break here will see room for continuation towards support at .8300 congestion. Bearish structure highlight risk for break here to open the .8260 congestion then the .8240, 28 February YTD low to retest. Meanwhile, resistance remains at congestion at .8350 which extends to 0.8370, 14 March low, which should cap bounce attempts. Clearance will fade the downside pressure and return focus to the .8450 high.