Published: 2026-02-06T07:32:34.000Z
Chart EUR/GBP Update: Still room to extend gains
2
No follow-through on break of resistance at the .8700 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8840 | 20 Nov high | S1 | 0.8650 | * | congestion | ||
| R3 | 0.8800 | ** | congestion | S2 | 0.8610/00 | ** | Aug low, congestion | |
| R2 | 0.8750 | ** | Jul, Sep highs | S3 | 0.8550/45 | * | congestion, 50% | |
| R1 | 0.8700 | * | congestion | S4 | 0.8508/00 | ** | 27 Jun low, congestion |
Asterisk denotes strength of level
07:25 GMT - No follow-through on break of resistance at the .8700 level as prices settled back from the .8720 high to consolidation gains from the .8610 low. Positive daily studies suggest room for further gains later. Above the .8700 level and .8720 high will see stronger gains to retrace losses from the January high to strong resistance at the .8750, July and September highs. Corrective gains are expected to give way to renewed selling pressure later. Meanwhile, support is raised to the .8650 congestion. Would take break to open the .8610/00 to retest and see room to extend losses from the .8865, November 2025 year high.