Published: 2026-08-17T08:05:04.000Z
Chart EUR/GBP Update: Pushing higher
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Cautious trade is giving way to a test higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8620 | * | GBP/EUR 1.1600 | S1 | 0.8547 | ** | GBP/EUR 1.1700 | |
| R3 | 0.8600 | ** | congestion | S2 | 0.8532 | * | 12 Aug (w) low | |
| R2 | 0.8585 | * | 30 Jul (m) high | S3 | 0.8520 | congestion | ||
| R1 | 0.8560 | congestion base | S4 | 0.8500 | ** | congestion |
Asterisk denotes strength of level
08:45 BST - Cautious trade is giving way to a test higher, with the break above 0.8547, (GBP/EUR 1.1700), putting focus on resistance at the 0.8560 congestion base. A break above here will put prices into consolidation within congestion beneath the 0.8585 monthly high of 30 July. Rising weekly charts highlight room for later gains. But a close above 0.8585 is needed to turn sentiment positive and confirm continuation of mid-July gains, initially towards congestion around 0.8600.
Meanwhile, support is raised to 0.8547 and extends to the 0.8532 weekly low of 12 August. This range should underpin any immediate setbacks.