Published: 2026-07-22T08:12:21.000Z
Chart EUR/GBP Update: Room for higher
1
Choppy trade has given way to anticipated gains
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8620 | GBP/EUR 1.1600 | S1 | 0.8500 | ** | congestion | ||
| R3 | 0.8600 | ** | congestion | S2 | 0.8475 | GBP/EUR 1.1800 | ||
| R2 | 0.8575 | 2 Jul high | S3 | 0.8470 | ** | 61.8% ret of 2024-2025 rally | ||
| R1 | 0.8547 | ** | GBP/EUR 1.1700 | S4 | 0.8455 | ** | 15 Jul YTD low |
Asterisk denotes strength of level
08:50 BST - Choppy trade has given way to anticipated gains, with prices reaching 0.8540~ before settling into fresh consolidation. Daily readings continue to rise, suggesting room for a break above resistance at 0.8547, (GBP/EUR 1.1700). But already overbought daily stochastics and mixed weekly charts should limit scope in renewed selling interest/consolidation beneath the 0.8575 high of 2 July. Meanwhile, support is raised to congestion around 0.8500 and should underpin any immediate setbacks.