Published: 2026-05-28T09:03:22.000Z
Chart EUR/GBP Update: Extending gains
1
Little change, as the anticipated break above 0.8660 gives way to consolidation
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8743 | ** | 1 Apr (m) high | S1 | 0.8660 | * | congestion | |
| R3 | 0.8725 | * | congestion | S2 | 0.8640 | intraday lows | ||
| R2 | 0.8695/00 | ** | GBP/EUR 1.1500; congestion | S3 | 0.8612/20 | ** | Feb-Mar YTD lows; GBP/EUR 1.1600 | |
| R1 | 0.8680 | * | congestion | S4 | 0.8600 | ** | congestion |
Asterisk denotes strength of level
09:30 BST - Little change, as the anticipated break above 0.8660 gives way to consolidation. Daily readings are turning higher and oversold weekly stochastics are unwinding, highlighting room for continuation towards congestion resistance at 0.8680. However, the bearish weekly Tension Indicator and negative longer-term charts should limit any further strength in renewed selling interest beneath 0.8695/00. Meanwhile, a close back below congestion support at 0.8660 will turn sentiment neutral and give way to fresh consolidation above 0.8640.