Published: 2025-06-26T08:03:58.000Z
Chart EUR/GBP Update: Consolidating - studies under pressure
Senior Technical Strategist
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Little change, as prices extend cautious trade around congestion support at 0.8520
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8620 | * | GBP/EUR 1.1600 | S1 | 0.8520 | congestion | ||
| R3 | 0.8600 | ** | congestion | S2 | 0.8500 | ** | congestion | |
| R2 | 0.8575 | * | 23 Jun high | S3 | 0.8475 | ** | GBP/EUR 1.1800 | |
| R1 | 0.8547/50 | * | GBP/EUR 1.1700; cong | S4 | 0.8450 | * | break level |
Asterisk denotes strength of level
08:55 BST - Little change, as prices extend cautious trade around congestion support at 0.8520. Daily stochastics are falling and the daily Tension Indicator has also turned down, highlighting room for a break beneath here towards further congestion around 0.8500. Still lower is 0.8475, (GBP/EUR 1.1800). But rising weekly charts are expected to limit any initial tests in renewed consolidation. Meanwhile, resistance remains at 0.8547, (GBP/EUR 1.1700), and congestion around 0.8550. This tight range should cap any immediate tests higher.