Published: 2026-02-27T09:21:57.000Z
Chart EUR/GBP Update: Room for higher
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The anticipated test of congestion resistance at 0.8750 is giving way to consolidation
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8820 | congestion | S1 | 0.8695/00 | * | GBP/EUR 1.1500; cong | ||
| R3 | 0.8800 | ** | break level | S2 | 0.8670 | * | congestion | |
| R2 | 0.8772 | * | GBP/EUR 1.1500 | S3 | 0.8640 | * | congestion | |
| R1 | 0.8750 | * | congestion | S4 | 0.8620 | * | GBP/EUR 1.1600 |
Asterisk denotes strength of level
09:00 GMT - The anticipated test of congestion resistance at 0.8750 is giving way to consolidation, as overbought intraday studies turn down. Daily readings have turned higher, however, and broader weekly charts are rising, highlighting room for further gains in the coming sessions. A break back above here will extend February gains towards 0.8772, (GBP/EUR 1.1500), with room for continuation towards 0.8800. Meanwhile, support remains at 0.8695/00. Any immediate tests beneath here should give way to consolidation above congestion around 0.8670.