Published: 2026-07-24T07:56:07.000Z
Chart EUR/GBP Update: Studies turning cautious
2
The anticipated test of resistance at 0.8547, (GBP/EUR 1.1700), is giving way to consolidation
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8620 | GBP/EUR 1.1600 | S1 | 0.8520 | congestion | |||
| R3 | 0.8600 | ** | congestion | S2 | 0.8500 | ** | congestion | |
| R2 | 0.8575 | 2 Jul high | S3 | 0.8475 | GBP/EUR 1.1800 | |||
| R1 | 0.8547 | ** | GBP/EUR 1.1700 | S4 | 0.8470 | ** | 61.8% ret of 2024-2025 rally |
Asterisk denotes strength of level
08:45 BST - The anticipated test of resistance at 0.8547, (GBP/EUR 1.1700), is giving way to consolidation, as intraday studies turn down, unwinding negative divergence, and overbought daily stochastics flatten. The daily Tension Indicator continues to rise, suggesting room for a test above here. But mixed/negative weekly charts should limit scope in renewed selling interest beneath the 0.8575 high of 2 July. Meanwhile, support is raised to congestion around 0.8520 and extends to 0.8500. This range should underpin any immediate setbacks.