Published: 2026-04-16T08:19:48.000Z
Chart EUR/GBP Update: Leaning lower
1
The anticipated break below 0.8695/00 has bounced from 0.8685
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8772 | * | GBP/EUR 1.1400 | S1 | 0.8670 | * | congestion | |
| R3 | 0.8750 | ** | congestion | S2 | 0.8650 | * | congestion | |
| R2 | 0.8735 | * | congestion highs | S3 | 0.8613/20 | ** | 4 Feb (m) low; GBP/EUR 1.1600 | |
| R1 | 0.8695/00 | * | GBP/EUR 1.1500; cong | S4 | 0.8600 | * | congestion |
Asterisk denotes strength of level
09:10 BST - The anticipated break below 0.8695/00 has bounced from 0.8685, with prices currently balanced in consolidation beneath 0.8695/00. Daily readings continue to track lower, highlighting room for further losses in the coming sessions towards congestion support at 0.8670. But rising weekly charts should limit any initial break in renewed buying interest/consolidation above 0.8650. Meanwhile, a close back above 0.8695/00 would help to stabilise price action and prompt fresh consolidation beneath resistance at the 0.8735 congestion highs.