Chart EUR/GBP Update: Fresh 2026 year lows - studies under pressure
Little change, as prices extend cautious trade at fresh 2026 year lows around 0.8517
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8620 | ** | GBP/EUR 1.1600 | S1 | 0.8500/08 | ** | cong; 27 Jun 2025 (w) low | |
| R3 | 0.8600 | ** | congestion | S2 | 0.8493 | mid-June 2025 (w) low | ||
| 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 - Little change, as prices extend cautious trade at fresh 2026 year lows around 0.8517. The bearish daily Tension Indicator highlights room for continuation down to strong support within congestion around 0.8500 and the 0.8508 weekly low of 27 June 2025. However, flat oversold daily stochastics could limit any initial tests in consolidation, before falling weekly charts prompt a break and extend November losses towards the 0.8470 Fibonacci retracement and 0.8475, (GBP/EUR 1.1800). Meanwhile, resistance remains at 0.8547, (GBP/EUR 1.1700). A close above here, if seen, would help to stabilise price action and prompt consolidation beneath the 0.8575 high of 2 July.