Published: 2025-05-26T07:29:13.000Z
Chart EUR/GBP Update: Consolidating test of .8400/.8380 support
Technical Analyst
2
Turned up from test of the .8400/.8380 support as prices unwind the oversold intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8520 | ** | 16 Apr low | S1 | 0.8380 | * | congestion, 23 May low | |
| R3 | 0.8500 | * | congestion | S2 | 0.8350 | * | congestion | |
| R2 | 0.8475 | ** | congestion, Jan high | S3 | 0.8315 | ** | 28 Mar low | |
| R1 | 0.8450 | * | congestion, Mar high | S4 | 0.8300 | * | congestion |
Asterisk denotes strength of level
07:20 GMT - Turned up from test of the .8400/.8380 support as prices unwind the oversold intraday studies and consolidate choppy trade below the .8450/.8475 resistance. Bearish structure keeps focus firmly on the downside and see room to extend losses from the .8737, April YTD high. Lower will see room to extend losses to support at .8350 congestion then the .8315/.8300 area. Meanwhile, the March and January highs at .8450/.8475 is expected to cap and sustain losses from the April high.