Published: 2026-09-10T07:52:29.000Z
Chart EUR/GBP Update: Consolidating - background studies edging higher
1
Little change, as prices extend cautious/choppy trade within the 0.8580 - 0.8600 range
| 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
08:35 BST - Little change, as prices extend cautious/choppy trade within the 0.8580 - 0.8600 range. Daily readings are mixed, suggesting further range extension into the coming sessions. But broader weekly charts are rising, pointing to room for a later break above congestion resistance at 0.8600 to the 0.8610 Fibonacci retracement. A further close above here, if seen, will improve sentiment and extend July gains beyond 0.8620, (GBP/EUR 1.1600).
Meanwhile, support remains down to congestion around 0.8560 and extends to 0.8547, (GBP/EUR 1.1700). This range should underpin any immediate setbacks.