Published: 2026-02-04T06:32:30.000Z
Chart EUR/GBP Update: Room to extend November losses
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Consolidating test of support at the .8620/00, 38.2% Fibonacci level and congestion area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8800 | ** | congestion | S1 | 0.8620 | * | 38.2% 2024/2025 rally | |
| R3 | 0.8750 | ** | Jul, Sep highs | S2 | 0.8600 | ** | congestion | |
| R2 | 0.8700 | * | congestion | S3 | 0.8550/45 | * | congestion, 50% | |
| R1 | 0.8650 | * | congestion | S4 | 0.8508/00 | * | 27 Jun low, congestion |
Asterisk denotes strength of level
06:30 GMT - Consolidating test of support at the .8620/00, 38.2% Fibonacci level and congestion area. Below this will extend the broader losses from the .8865 November 2025 year high and trigger a 7-month top pattern at the November high and open up room for deeper retracement of the 2024/2025 rally. Lower will see extension to the .8550/45, congestion and 50% Fibonacci level. Meanwhile, .8650 January low and congestion area reverts to resistance and is expected to cap and sustain losses from the .8865 high.