Published: 2025-09-05T07:40:37.000Z
Chart EUR/GBP Update: Further consolidation
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Little change, as prices extend cautious trade around 0.8675
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8765/72 | ** | Nov 2023 high; GBP/EUR 1.1400 | S1 | 0.8650 | ** | congestion | |
| R3 | 0.8752 | ** | 28 Jul YTD high | S2 | 0.8620 | * | GBP/EUR 1.1600 | |
| R2 | 0.8737 | ** | 11 Apr (m) high | S3 | 0.8600 | ** | cong, 38.2% ret | |
| R1 | 0.8695 | ** | GBP/EUR 1.1500 | S4 | 0.8555 | ** | 50% ret of May-Jul rally |
Asterisk denotes strength of level
08:35 BST - Little change, as prices extend cautious trade around 0.8675. Overbought daily stochastics are unwinding and the rising daily Tension Indicator is showing early signs of flattening, suggesting a minor deterioration in sentiment and room for a fresh move lower towards congestion support at 0.8650. Mixed weekly charts, however, should limit any deeper losses in renewed consolidation around 0.8620, (GBP/EUR 1.1600). Meanwhile, resistance remains at 0.8695, (GBP/EUR 1.1500). A close above here, if seen, would turn sentiment cautiously positive and open up a test of critical resistance within 0.8737/52.