Published: 2025-01-27T09:32:58.000Z
Chart EUR/GBP Update: Balanced at 0.8400/03 - studies under pressure
Senior Technical Strategist
-
Anticipated losses have reached support at 0.8400/03
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8475 | * | GBP/EUR 1.1800 | S1 | 0.8400/03 | cong; GBP/EUR 1.1900 | ||
| R3 | 0.8464 | * | 11 Sep (m) high | S2 | 0.8350 | ** | congestion | |
| R2 | 0.8450 | * | congestion | S3 | 0.8333 | * | GBP/EUR 1.2000 | |
| R1 | 0.8435 | break level | S4 | 0.8300 | ** | congestion |
Asterisk denotes strength of level
09:25 GMT - Anticipated losses have reached support at 0.8400/03, where flat oversold intraday studies are prompting short-term reactions. Daily readings continue to track lower and broader weekly charts are coming under pressure, highlighting room for further losses in the coming sessions. A close beneath here will add weight to already bearish price action and extend January losses towards congestion around 0.8350. Meanwhile, resistance is at 0.8435 and extends to congestion around 0.8450. This area should cap any immediate tests higher.