Published: 2026-05-14T07:58:54.000Z
Chart EUR/GBP Update: Cautious trade - limited tests higher
2
Little change, as prices extend cautious trade within the 0.8650 - 0.8670 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8743 | * | 31 Mar (w) high | S1 | 0.8650 | * | congestion | |
| R3 | 0.8720 | congestion | S2 | 0.8640 | intraday lows | |||
| R2 | 0.8695/00 | ** | GBP/EUR 1.1500; congestion | S3 | 0.8612/20 | ** | 19 Mar YTD low; GBP/EUR 1.1600 | |
| R1 | 0.8670 | * | congestion | S4 | 0.8600 | ** | congestion |
Asterisk denotes strength of level
08:50 BST - Little change, as prices extend cautious trade within the 0.8650 - 0.8670 range. The daily Tension Indicator continues to rise, suggesting room for a test above congestion resistance at 0.8670. But flattening overbought daily stochastics and mixed weekly charts should limit initial scope in renewed consolidation beneath 0.8695/00. Meanwhile, support remains at congestion around 0.8650 and extends to 0.8640. A close beneath here would add weight to sentiment and put focus on strong support within the 0.8612 current year low of 19 March and 0.8620, (GBP/EUR 1.1600).