Published: 2025-12-23T09:02:24.000Z
Chart EUR/GBP Update: Leaning lower
1
Anticipated losses have reached congestion support at 0.8720
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8840 | * | 20 Nov (w) high | S1 | 0.8720 | * | congestion | |
| R3 | 0.8800 | * | break level | S2 | 0.8695/00 | * | GBP/EUR 1.1500; cong | |
| R2 | 0.8772 | * | GBP/EUR 1.1400 | S3 | 0.8670 | ** | October range lows | |
| R1 | 0.8750 | * | congestion | S4 | 0.8620 | * | GBP/EUR 1.1600 |
Asterisk denotes strength of level
08:50 GMT - Anticipated losses have reached congestion support at 0.8720, where short-term consolidation is developing. Daily readings are turning down and broader weekly charts are mixed/negative, highlighting room for further losses in the coming sessions. A break will open up support at 0.8695, (GBP/EUR 1.1500), and congestion around 0.8700. Still lower are the 0.8670 October range lows. Meanwhile, resistance is lowered to congestion around 0.8750. An unexpected close above here will help to stabilise price action and prompt consolidation beneath 0.8772, (GBP/EUR 1.1400).