Published: 2025-12-03T09:09:54.000Z
Chart EUR/GBP Update: Cautious trade
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The test of resistance at the 0.8800 break level is giving way to a minor pullback
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8865 | * | 14 Nov YTD high | S1 | 0.8772 | * | GBP/EUR 1.1400 | |
| R3 | 0.8850 | * | GBP/EUR 1.1300, cong | S2 | 0.8740 | intraday break level | ||
| R2 | 0.8840 | * | 20 Nov (w) high | S3 | 0.8720 | * | congestion | |
| R1 | 0.8800 | * | break level | S4 | 0.8695/00 | * | GBP/EUR 1.1500; cong |
Asterisk denotes strength of level
08:55 GMT - The test of resistance at the 0.8800 break level is giving way to a minor pullback, as overbought intraday studies unwind, with prices currently trading around 0.8780. A test of support at 0.8772, (GBP/EUR 1.1400), cannot be ruled out. But mixed daily readings should limit any break in renewed consolidation above support within the 0.8720/40 range. Meanwhile, negative weekly charts should limit any tests above 0.8800 in renewed selling interest/consolidation beneath resistance at the 0.8840 weekly high of 20 November and 0.8850, (GBP/EUR 1.1300).