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Published: 2025-09-02T07:56:26.000Z

Chart EUR/GBP Update: Extending gains

byMike Macdonald

Senior Technical Strategist
-

Anticipated gains have broken above 0.8672, with prices approaching resistance at 0.8695, (GBP/EUR 1.1500)

 Level  Comment   Level  Comment 
R4 0.8765/72**Nov 2023 high; GBP/EUR 1.1400 S1 0.8672*22 Aug (w) high
R3 0.8752**28 Jul YTD high S2 0.8650**congestion
R2 0.8737**11 Apr (m) high S3 0.8620*GBP/EUR 1.1600
R1 0.8695**GBP/EUR 1.1500 S4 0.8600**cong, 38.2% ret

Asterisk denotes strength of level

08:45 BST - Anticipated gains have broken above 0.8672, with prices approaching resistance at 0.8695, (GBP/EUR 1.1500). Daily readings have turned higher, highlighting room for a break above here. But mixed weekly charts are expected to limit initial scope in renewed selling interest beneath strong resistance at 0.8737/52. Meanwhile, a break back below the 0.8672 weekly high of 22 August will put focus back on congestion around 0.8650, where fresh consolidation is expected to appear.

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Topics
EUR/GBP-TA
DM-Technical
Technical Analysis

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