Published: 2025-10-06T08:07:24.000Z
Chart EUR/GBP Update: Lower in EUR-driven trade
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Cautious trade has given way to a sharp break below 0.8695/00 in EUR-driven trade
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8765 | ** | November 2023 high | S1 | 0.8650 | ** | congestion | |
| R3 | 0.8752 | ** | 28 Jul YTD high | S2 | 0.8620 | * | GBP/EUR 1.1600 | |
| R2 | 0.8737 | ** | 11 Apr (m) high | S3 | 0.8600 | ** | cong, 38.2% ret | |
| R1 | 0.8695/00 | ** | GBP/EUR 1.1500; cong | S4 | 0.8555 | ** | 50% ret of May-Jul rally |
Asterisk denotes strength of level
08:55 BST - Cautious trade has given way to a sharp break below 0.8695/00 in EUR-driven trade, with prices currently trading around 0.8680. Intraday studies have turned down and daily readings are under pressure, highlighting room for continuation down to congestion support at 0.8650. Negative weekly charts point to potential for further losses towards 0.8620, (GBP/EUR 1.1600). Meanwhile, a close back above 0.8695/00, if seen, would help to stabilise price action and prompt consolidation beneath critical resistance within 0.8737/52.