Published: 2025-03-14T08:56:42.000Z
Chart EUR/GBP Update: Consolidating - studies under pressure
Senior Technical Strategist
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Little change, as prices extend cautious trade beneath resistance at 0.8400/03
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8473/75 | ** | 20 Jan YTD high; GBP/EUR 1.1800 | S1 | 0.8350 | ** | congestion | |
| R3 | 0.8450 | * | congestion | S2 | 0.8333 | * | GBP/EUR 1.2000 | |
| R2 | 0.8430 | *- | range lows | S3 | 0.8300 | ** | congestion | |
| R1 | 0.8400/03 | ** | cong; GBP/EUR 1.1900 | S4 | 0.8265 | * | GBP/EUR 1.2100 |
Asterisk denotes strength of level
08:50 GMT - Little change, as prices extend cautious trade beneath resistance at 0.8400/03. Intraday studies are mixed/positive, suggesting potential for a test of here. But negative daily readings should limit any break in renewed selling interest beneath the 0.8430 range lows. Following cautious trade, fresh losses are looked for, with focus to turn to congestion support at 0.8350. Beneath here is 0.8333, (GBP/EUR 1.2000), but rising weekly charts should limit any tests of this area in buying interest/consolidation.