Published: 2026-10-06T06:33:20.000Z
Chart EUR/GBP Update: Consolidating test of .8465/.8455 support
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Turned up from test of support at the .8465/.8455, 61.8% Fibonacci level and July current year low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8585 | * | Aug high | S1 | 0.8465/55 | ** | 61.8%, 15 Jul YTD low | |
| R3 | 0.8545 | ** | 15 Sep low | S2 | 0.8400 | * | congestion | |
| R2 | 0.8530 | * | Aug low | S3 | 0.8355 | * | May 2025 low | |
| R1 | 0.8500 | * | congestion | S4 | 0.8322 | * | Apr 2025 low |
Asterisk denotes strength of level
06:30 GMT - Turned up from test of support at the .8465/.8455, 61.8% Fibonacci level and July current year low, as prices unwind oversold intraday studies. Daily studies are stretched as well and suggest scope for bounce here to retrace recent sharp losses from the .8610, September high. However, further losses cannot be ruled out to extend losses from the .8865, November 2025 year high. Lower will see room to the .8400 congestion then the .8355/.8322, May/April 2025 lows. Meanwhile, resistance is lowered to the .8500 congestion which is expected to cap corrective bounce.