Published: 2025-11-28T07:01:00.000Z
Chart EUR/GBP Update: Consolidating test of .8752/.8737 support
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No follow-through on break of the .8752 support as prices consolidate losses from the .8865 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8875 | * | Apr 2023 high | S1 | 0.8752 | * | Jul high | |
| R3 | 0.8865 | ** | 14 Nov YTD high | S2 | 0.8737 | * | Apr high | |
| R2 | 0.8840 | * | 20 Nov high | S3 | 0.8700 | * | congestion | |
| R1 | 0.8800 | * | congestion | S4 | 0.8650 | * | congestion |
Asterisk denotes strength of level
07:00 GMT - No follow-through on break of the .8752 support as prices consolidate losses from the .8865 high and unwind oversold intraday and daily studies. However, bearish momentum from the latter suggest consolidation giving way to renewed selling pressure later to retrace gains from the May low. Break of the .8752/.8737 support will open up room to the .8700/.8650 congestion area. Meanwhile, resistance at the .8800 congestion is expected to cap and sustain pullback from .8865, 14 November current year high.