Published: 2026-03-12T09:18:58.000Z
Chart EUR/GBP Update: Under pressure
-
Anticipated losses are giving way to consolidation above critical support at the 0.8613 current year low of 4 February and 0.8620, (GBP/EUR 1.1600)
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8715~ | * | 4-5 Mar high | S1 | 0.8613/20 | ** | 4 Feb YTD low; GBP/EUR 1.1600 | |
| R3 | 0.8695/00 | * | GBP/EUR 1.1500; cong | S2 | 0.8600 | * | congestion | |
| R2 | 0.8670 | * | congestion | S3 | 0.8547 | * | GBP/EUR 1.1700 | |
| R1 | 0.8650 | * | congestion | S4 | 0.8540 | ** | 50% ret of 2024-2025 rally |
Asterisk denotes strength of level
09:10 GMT - Anticipated losses are giving way to consolidation above critical support at the 0.8613 current year low of 4 February and 0.8620, (GBP/EUR 1.1600), as oversold daily stochastics flatten. A minor bounce is possible, but the bearish daily Tension Indicator and negative weekly charts should limit scope in renewed selling interest towards congestion resistance at 0.8650. Following cautious trade, fresh losses are looked for. A break below 0.8613/20 will add weight to sentiment and extend November losses below congestion around 0.8600 towards 0.8540/47.