Published: 2026-07-30T07:59:05.000Z
Chart EUR/GBP Update: Consolidating gains - background studies positive
1
The anticipated break above 0.8575 has been pushed back from 0.8585
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8650 | * | congestion | S1 | 0.8547 | ** | GBP/EUR 1.1700 | |
| R3 | 0.8620 | GBP/EUR 1.1600 | S2 | 0.8520 | congestion | |||
| R2 | 0.8600 | ** | congestion | S3 | 0.8500 | ** | congestion | |
| R1 | 0.8575 | 2 Jul high | S4 | 0.8475 | GBP/EUR 1.1800 |
Asterisk denotes strength of level
08:40 BST - The anticipated break above 0.8575 has been pushed back from 0.8585, as overbought intraday studies and overbought daily stochastics turn down, with prices currently balanced around 0.8575. A test beneath here is possible. But the rising daily Tension Indicator and improving weekly charts should limit any losses in renewed buying interest/consolidation above 0.8547, (GBP/EUR 1.1700). Following cautious/corrective trade, fresh gains are looked for. A close above the 0.8575 high of 2 July will extend mid-July gains towards resistance at congestion around 0.8600 and 0.8620, (GBP/EUR 1.1600).