Chart EUR/GBP Update: Pressuring fresh year low - background under pressure
Little change, as prices extend cautious trade around the 0.8443/47 current year lows of 7-13 October
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8547 | ** | GBP/EUR 1.1700 | S1 | 0.8443/47 | ** | 7-13 Oct YTD lows | |
| R3 | 0.8532 | ** | 12 Aug (m) low | S2 | 0.8400/03 | ** | congestion; GBP/EUR 1.1900 | |
| R2 | 0.8500 | ** | congestion | S3 | 0.8375 | ** | 76.4% ret of 2024-2025 fall | |
| R1 | 0.8475 | * | GBP/EUR 1.1800 | S4 | 0.8333 | ** | GBP/EUR 1.2000 |
Asterisk denotes strength of level
09:00 BST - Little change, as prices extend cautious trade around the 0.8443/47 current year lows of 7-13 October. Daily stochastics are flat in oversold areas, suggesting room for further consolidation. But the bearish daily Tension Indicator and negative weekly charts highlight room for further losses in the coming sessions. A later close beneath here will add weight to sentiment and extend broad November 2025 losses towards congestion around 0.8400 and 0.8403, (GBP/EUR 1.1900). However, by-then oversold weekly stochastics should limit any deeper losses in short-covering/consolidation above the 0.8375 Fibonacci retracement.
Meanwhile, resistance remains up to 0.8475, (GBP/EUR 1.1800). But the bearish daily Tension Indicator and negative weekly charts should limit any tests above here in renewed selling interest towards congestion resistance at 0.85/00.