Published: 2026-03-04T09:33:26.000Z
Chart EUR/GBP Update: Leaning lower
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Cautious trade has given way to anticipated losses
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8790 | * | 27 Feb (m) high | S1 | 0.8670 | * | congestion | |
| R3 | 0.8772 | * | GBP/EUR 1.1400 | S2 | 0.8650 | * | congestion | |
| R2 | 0.8750 | * | congestion | S3 | 0.8613 | ** | 4 Feb YTD low | |
| R1 | 0.8695/00 | * | GBP/EUR 1.1500; cong | S4 | 0.8600 | ** | break level |
Asterisk denotes strength of level
09:15 GMT - Cautious trade has given way to anticipated losses, with prices currently trading below 0.8695/00. Daily readings are bearish, highlighting room for a test of congestion support at 0.8670. But rising weekly charts should limit any deeper losses in renewed buying interest/consolidation above further congestion around 0.8650. Meanwhile, a close back above 0.8695/00 would help to stabilise price action and prompt fresh consolidation beneath congestion resistance at 0.8750.