Published: 2026-09-09T08:02:23.000Z
Chart EUR/GBP Update: Choppy in range
1
The anticipated test of congestion support at 0.8560 has not been seen
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8650 | * | congestion | S1 | 0.8560 | * | congestion | |
| R3 | 0.8620 | * | GBP/EUR 1.1600 | S2 | 0.8547 | ** | GBP/EUR 1.1700 | |
| R2 | 0.8610 | * | 38.2% ret of Nov-Jul fall | S3 | 0.8532 | * | 12 Aug (m) low | |
| R1 | 0.8600 | ** | congestion | S4 | 0.8520 | congestion |
Asterisk denotes strength of level
08:50 BST - The anticipated test of congestion support at 0.8560 has not been seen, as prices post a sharp bounce from 0.8570 into fresh consolidation around 0.8585. Intraday studies are mixed/positive, suggesting room for a drift higher towards strong resistance at congestion around 0.8600 and the 0.8610 Fibonacci retracement. But mixed daily readings should limit any initial tests in fresh consolidation. A close above here, if seen, will improve sentiment and extend July gains beyond 0.8620, (GBP/EUR 1.1600).
Meanwhile, support remains at 0.8560 and extends to 0.8547, (GBP/EUR 1.1700). This range should underpin any immediate setbacks.