Published: 2026-01-14T08:59:15.000Z
Chart EUR/GBP Update: Consolidating - background studies under pressure
1
Little change, as prices extend consolidation within the 0.8645/70 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8750 | * | congestion | S1 | 0.8645 | * | 6 Jan YTD low | |
| R3 | 0.8720 | * | congestion | S2 | 0.8620 | * | GBP/EUR 1.1600 | |
| R2 | 0.8695/00 | * | GBP/EUR 1.1500; cong | S3 | 0.8610 | ** | 50% ret of May-Nov rally | |
| R1 | 0.8670 | ** | October range lows | S4 | 0.8600 | * | break level |
Asterisk denotes strength of level
08:45 GMT - Little change, as prices extend consolidation within the 0.8645/70 range. Intraday studies are falling, suggesting room for a test of strong support at the 0.8645 current year low of 6 January. But mixed daily readings could limit any initial tests in consolidation, before bearish weekly charts prompt a break. A close beneath here will turn sentiment negative and extend November losses towards strong support within 0.8600/20. Meanwhile, a close above resistance at the 0.8670 range lows from October will give way to consolidation beneath 0.8695/00.