Published: 2026-04-22T08:12:41.000Z
Chart EUR/GBP Update: Leaning lower
1
Consolidation above 0.8695/00 is giving way to a break lower
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8750 | ** | congestion | S1 | 0.8685 | * | 14 Apr (w) low | |
| R3 | 0.8735 | * | congestion highs | S2 | 0.8670 | * | congestion | |
| R2 | 0.8720 | * | break level | S3 | 0.8650 | * | congestion | |
| R1 | 0.8695/00 | * | GBP/EUR 1.1500; cong | S4 | 0.8613/20 | ** | 4 Feb (m) low; GBP/EUR 1.1600 |
Asterisk denotes strength of level
09:00 BST - Consolidation above 0.8695/00 is giving way to a break lower, with focus turning to the 0.8685 weekly low of 14 April. Daily readings have ticked down and weekly stochastics are also coming under pressure, highlighting a deterioration in sentiment and room for a later break. April losses will then target congestion around 0.8670. However, the rising weekly Tension Indicator should limit any deeper losses in fresh consolidation above further congestion around 0.8650. Meanwhile, a close back above 0.8695/00 would help to stabilise sentiment and prompt consolidation beneath 0.8720.