Published: 2025-09-22T06:34:01.000Z
Chart EUR/GBP Update: Extending gains from August low
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Break above the .8700 level see prices extending gains from the August low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8800 | * | figure, congestion | S1 | 0.8688 | * | 19 Sep low | |
| R3 | 0.8765 | ** | November 2023 high | S2 | 0.8650 | * | congestion | |
| R2 | 0.8752 | ** | 28 Jul YTD high | S3 | 0.8632 | * | 15 Sep low | |
| R1 | 0.8737 | * | Apr high | S4 | 0.8600 | ** | congestion, Aug low |
Asterisk denotes strength of level
06:25 GMT - Break above the .8700 level see prices extending gains from the August low. Positive daily and weekly studies keeps pressure on the upside and see room for retest of the April high at .8737 then the .8752, 28 July current year high. Would expect reaction at the latter but a later break cannot be ruled out. Meanwhile, support is raised to .8700/.8688 area which should underpin. Below this will ease the upside pressure and see room for deeper pullback in consolidation to support at the .8650/.8632 congestion and 15 Sep low.