Published: 2026-01-06T08:58:17.000Z
Chart EUR/GBP Update: Extending November losses
2
Anticipated losses have reached 0.8650
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8750 | * | congestion | S1 | 0.8620 | * | GBP/EUR 1.1600 | |
| R3 | 0.8720 | * | congestion | S2 | 0.8610 | ** | 50% ret of May-Nov rally | |
| R2 | 0.8695/00 | * | GBP/EUR 1.1500; cong | S3 | 0.8600 | * | Jul-Aug range lows | |
| R1 | 0.8670 | ** | October range lows | S4 | 0.8547/50 | ** | GBP/EUR 1.1700; 61.8% ret |
Asterisk denotes strength of level
08:45 GMT - Anticipated losses have reached 0.8650, where flat oversold intraday studies are prompting consolidation. Daily readings remain negative and broader weekly charts are bearish, highlighting room for further losses in the coming sessions. A break will add weight to already bearish sentiment and extend November losses towards strong support within 0.8600/20. Already oversold daily stochastics could limit any initial tests in consolidation. Meanwhile, resistance is lowered to the 0.8670 October range lows. A close above here, if seen, would help to stabilise price action and prompt consolidation beneath 0.8695/00.